中國的比特幣拋售正在加價

比特幣的價格在2024年末受到打擊，在幾週內下降了10％，使交易者爭先恐後地尋求答案。

In a surprising twist amidst China’s crypto ban, local governments are liquidating confiscated cryptocurrencies through private firms to replenish their coffers, a new report by Reuters has revealed.

路透社報導說，在中國的加密禁令中，地方政府正在通過私人公司補充他們的保險箱，在中國的加密貨幣禁令中進行了令人驚訝的轉折。

The report highlights the case of Jiafenxiang, a Shenzhen-based tech firm specializing in technology services, which has sold over 3 billion yuan ($414 million) in digital assets since 2018. Transactions by the firm are linked to authorities in Xuzhou and Hua’an, with another instance of a bulk sale to Taizhou government officials also emerging in 2023.

該報告重點介紹了一家總部位於深圳的技術公司Jifenxiang的案例，該公司自2018年以來已售出了超過30億元人民幣（4.14億美元）的數字資產。該公司的交易與Xuzhou和Hua'an的當局有關，與Hua'an的當局有關，並將其銷售給Taizhou Commuiences官員的另一個實例，也與Taizhou Commuiences官員的另一個官員有關。

These sales come to light following a report by blockchain security firm SAFEIS. Earlier this year, the firm estimated that $59 billion was lost to crypto-related crimes in 2023 alone, leading to the prosecution of more than 3,000 individuals for fraud, illegal gambling, and other offenses.

在區塊鏈安全公司Safeis的一份報告之後，這些銷售得到了曝光。該公司今年早些時候估計，僅2023年，與加密相關的犯罪損失了590億美元，從而起訴了3,000多名欺詐，非法賭博和其他罪行的人。

Cas Abbe, a Web3 growth manager and affiliate at Binance, shed light on these sales on X (formerly Twitter) earlier this year, linking them to recent market dips.

Binance的Web3增長經理兼會員Cas Abbe揭示了今年早些時候在X（以前為Twitter）上的這些銷售，將它們與最近的市場下降聯繫起來。

“Local governments in China are selling seized crypto to top up their treasury,” Abbe stated. “This explains pretty much the dump even before tariff news hit the market.”

阿貝說：“中國的地方政府正在出售佔領加密貨幣，以增強其財政部。” “這幾乎解釋了在關稅新聞投放市場之前的垃圾場。”

Earlier this year, Bitcoin investment firm River disclosed in its 2024 digital asset report that China is sitting on a massive 15,000 BTC fortune, valued at $1.4 billion. This would place the nation among the top 15 Bitcoin holders globally.

今年早些時候，比特幣投資公司River在其2024年的數字資產報告中透露，中國正處於15,000 BTC財富上，價值14億美元。這將使該國躋身於全球前15位的比特幣持有者之列。

However, despite a 2021 nationwide ban on crypto trading, local governments have been quietly selling seized BTC to fill their budget shortfalls.

然而，儘管全國2021年禁止加密貨幣交易，但地方政府一直在悄悄地出售佔領BTC，以填補預算短缺。

But how is this possible, and what does it mean for Bitcoin price and the broader crypto market?

但是，這是怎麼可能的，對比特幣價格和更廣泛的加密市場意味著什麼？

China’s crypto ban, announced in September 2021, outlaws trading activity but doesn’t cover the disposal of seized assets, creating a legal gray area for these liquidations.

2021年9月宣布的中國加密禁令禁止交易活動，但沒有涵蓋被沒收的資產的處置，為這些清算創造了合法的灰色區域。

An analyst known as "The Real Token" raised this question on X, stating that: “Wait, how are they even doing this /legally/. China has banned crypto trading and local officials are selling coins to a Chinese tech firm. Is this not a crime in China? How is this even possible?”

一位被稱為“真正的代幣”的分析師在X上提出了這個問題，說：“等等，他們甚至在法律上做這件事 /。中國禁止加密貨幣交易，當地官員正在向中國科技公司出售硬幣。這不是在中國犯罪嗎？

The lack of transparency from the Chinese government is a point of contention among crypto enthusiasts, especially as it impacts a market that is already known for its volatility.

中國政府缺乏透明度是加密愛好者之間的爭論點，尤其是因為它影響了以其波動性而聞名的市場。

Moreover, local governments in China are known to be facing severe financial strain due to rising debt levels and a slowdown in economic growth, which has put pressure on their budgets.

此外，由於債務水平上升和經濟增長的放緩，中國的地方政府正面臨嚴重的財務壓力，這給預算帶來了壓力。

River’s 2024 estimate of China’s $1.4 billion Bitcoin wealth provides a potential lifeline for these cash-strapped institutions.

里弗（River）2024年對中國14億美元的比特幣財富的估計為這些現金短缺的機構提供了潛在的生命線。

Reports from last year indicate that Xuzhou is among the local governments actively liquidating seized cryptoassets to fund public services and infrastructure projects.

去年的報導表明，Xuzhou是地方政府積極清算的捕獲的加密貨物，以資助公共服務和基礎設施項目。

Similarly, officials in Hua’an and Taizhou were involved in bitcoin sales to Jiafenxiang in 2023, further suggesting a pattern of regional authorities monetizing their cryptocurrency holdings.

同樣，Hua'an和Taizhou的官員於2023年參與了向Jifenxiang的比特幣銷售，進一步暗示了區域當局的一種方式，使他們的加密貨幣持有貨幣資產。

SAFEIS’s 2023 figures, estimating $59 billion in crypto-related crimes, highlight a consistent flow of confiscated tokens that could be sustaining these liquidation efforts.

Safeis的2023張數字估計與加密相關的犯罪估計590億美元，突顯了一致的沒收令牌，可能會維持這些清算工作。

These actions by local governments are a pragmatic response to the pressing economic realities, although they clash with Beijing’s broader policy stance on cryptocurrencies.

地方政府採取的這些行動是對緊迫的經濟現實的務實回應，儘管它們與北京對加密貨幣的更廣泛的政策立場發生了衝突。

As these liquidations continue to unfold, they could destabilize an already volatile crypto market.

隨著這些清算的繼續進行，它們可能會破壞本來已經揮發的加密市場的穩定。

Experts are calling for swift action from Chinese authorities to mitigate the risks and instability arising from these activities.

專家呼籲中國當局迅速採取行動，以減輕這些活動引起的風險和不穩定。

Crucial steps include recognizing cryptocurrencies as legal assets in China and establishing clear protocols for the disposal of seized tokens.

關鍵步驟包括將加密貨幣視為中國的法律資產，並為處置被扣押的代幣制定明確的協議。

Some suggest the creation of a national crypto reserve, similar to the Trump administration’s 2025 proposal for a U.S. bitcoin standard.

一些人建議創建國家加密保護區，類似於特朗普政府針對美國比特幣標準的2025年提案。

Without swift action from Beijing to regulate and control these actions by local officials, they could continue to destabilize the crypto market with risky market dumps.

如果沒有北京的迅速行動來規範和控制地方官員的行動，他們可能會繼續使用風險的市場轉儲破壞加密貨幣市場的穩定。