China Unsure How to Deal with Seized Crypto from Criminal Actors

April 22, 2025 at 09:05 AM EDT

China is grappling with what to do about a growing stockpile of digital currencies confiscated in criminal cases. With cryptocurrency trading banned across the country, local governments are stuck figuring out how to deal with seized assets like Bitcoin. The lack of clear national rules on the matter has led to a mix of ad-hoc responses, which some legal experts warn could lead to shady practices and undermine trust in the system.

As the authorities in China work out how to deal with the digital assets they have seized, reforms could eventually be made that open market opportunities for Canaan Inc. (NASDAQ: CAN) with numerous…

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