π¨π³ China’s Crypto Dilemma: Ban It or Bank On It? By ChainFabricNews

Image source: Binance Despite China’s long-standing ban on cryptocurrencies, the country now finds itself in a strange situation—holding billions of dollars worth of crypto assets that were seized from criminal activities. And the big question is: what should the government do with it? It’s a twist that’s got everyone talking, from legal experts to financial analysts and even ordinary citizens who follow the crypto space. Let’s break it down. π« A Strict Ban Still Stands Back in 2021, China imposed one of the world’s strictest bans on cryptocurrency. It shut down crypto exchanges, banned trading, and even outlawed mining operations. The move was meant to protect investors and maintain financial stability. But as we all know, banning something doesn’t always make it disappear. Behind the scenes, the crypto world in China never fully died. Instead, it went underground. Illegal trading, scams, and even gambling using digital coins kept going. Last year alone, China reported over 3,000 cas...