China continues to hold 194,000 Bitcoin seized from the PlusToken Ponzi scheme in 2019, despite its stringent bans on cryptocurrency activities. These assets remain under government control, with no official statements from financial regulators on their management or future policy direction as of 2025.
Additionally, Chinese mining pools maintain control over more than 55% of Bitcoin's hash rate, highlighting China's ongoing influence on the Bitcoin network despite the domestic mining ban imposed in 2021.
China Retains 194,000 Bitcoin from PlusToken Seizure Amid Crypto Bans
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