中国的比特币抛售正在加价

比特币的价格在2024年末受到打击，在几周内下降了10％，使交易者争先恐后地寻求答案。

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.

路透社报道说，在中国的加密禁令中，地方政府正在通过私人公司补充他们的保险箱，在中国的加密货币禁令中进行了令人惊讶的转折。

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.

该报告重点介绍了一家总部位于深圳的技术公司Jifenxiang的案例，该公司自2018年以来已售出了超过30亿元人民币（4.14亿美元）的数字资产。该公司的交易与Xuzhou和Hua'an的当局有关，与Hua'an的当局有关，并将其销售给Taizhou Commuiences官员的另一个实例，也与Taizhou Commuiences官员的另一个官员有关。

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.

在区块链安全公司Safeis的一份报告之后，这些销售得到了曝光。该公司今年早些时候估计，仅2023年，与加密相关的犯罪损失了590亿美元，从而起诉了3,000多名欺诈，非法赌博和其他罪行的人。

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增长经理兼会员Cas Abbe揭示了今年早些时候在X（以前为Twitter）上的这些销售，将它们与最近的市场下降联系起来。

“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.”

阿贝说：“中国的地方政府正在出售占领加密货币，以增强其财政部。” “这几乎解释了在关税新闻投放市场之前的垃圾场。”

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.

今年早些时候，比特币投资公司River在其2024年的数字资产报告中透露，中国正处于15,000 BTC财富上，价值14亿美元。这将使该国跻身于全球前15位的比特币持有者之列。

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

然而，尽管全国2021年禁止加密货币交易，但地方政府一直在悄悄地出售占领BTC，以填补预算短缺。

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

但是，这是怎么可能的，对比特币价格和更广泛的加密市场意味着什么？

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月宣布的中国加密禁令禁止交易活动，但没有涵盖被没收的资产的处置，为这些清算创造了合法的灰色区域。

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?”

一位被称为“真正的代币”的分析师在X上提出了这个问题，说：“等等，他们甚至在法律上做这件事 /。中国禁止加密货币交易，当地官员正在向中国科技公司出售硬币。这不是在中国犯罪吗？

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.

中国政府缺乏透明度是加密爱好者之间的争论点，尤其是因为它影响了以其波动性而闻名的市场。

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，由于债务水平上升和经济增长的放缓，中国的地方政府正面临严重的财务压力，这给预算带来了压力。

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年对中国14亿美元的比特币财富的估计为这些现金短缺的机构提供了潜在的生命线。

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

去年的报道表明，Xuzhou是地方政府积极清算的捕获的加密货物，以资助公共服务和基础设施项目。

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.

同样，Hua'an和Taizhou的官员于2023年参与了向Jifenxiang的比特币销售，进一步暗示了区域当局的一种方式，使他们的加密货币持有货币资产。

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张数字估计与加密相关的犯罪估计590亿美元，突显了一致的没收令牌，可能会维持这些清算工作。

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.

地方政府采取的这些行动是对紧迫的经济现实的务实回应，尽管它们与北京对加密货币的更广泛的政策立场发生了冲突。

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

随着这些清算的继续进行，它们可能会破坏本来已经挥发的加密市场的稳定。

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

专家呼吁中国当局迅速采取行动，以减轻这些活动引起的风险和不稳定。

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

关键步骤包括将加密货币视为中国的法律资产，并为处置被扣押的代币制定明确的协议。

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

一些人建议创建国家加密保护区，类似于特朗普政府针对美国比特币标准的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.

如果没有北京的迅速行动来规范和控制地方官员的行动，他们可能会继续使用风险的市场转储破坏加密货币市场的稳定。