Seized cryptocurrencies are becoming a growing source of revenue for local Chinese governments, despite the country’s ban on crypto trading.

As China‘s pile of seized cryptocurrencies continues to grow — thanks to a steady stream of illegal transactions — local governments are quietly turning to private firms to convert tokens into cash, Reuters reports.

Chen Shi, a professor at the中南經濟與法律大學告訴路透社，這種解決“臨時解決方案，嚴格來說，這是不完全符合中國目前對加密貨幣交易的禁令不完全一致的。代幣作為中國禁止加密交易“與地方當局的衝突，需要清算查獲的數字貨幣。 ”

Guo認為，該國中央銀行中的人民銀行應該介入，因為它可以“更好地處理加密貨幣，並且應該從海外出售它們，或者從特朗普（Trump）像特朗普（Trump Trump）這樣的佔領的代幣中建立加密貨幣儲備。 Jungle told Reuters that private companies can legitimately assist in the disposal of cryptocurrencies, provided they safeguard the assets, use licensed offshore exchanges, and comply with capital controls.

Sun Jun, a crypto-focused lawyer and senior partner at Shanghai Landing Law Offices, says it’s a “highly profitable business that attracts more and more participants,” ad政府應闡明虛擬貨幣的法律地位，建立一個正式的處置系統，並篩選涉及的私人公司。 2021年9月，中國政府對所有加密貨幣交易進行了全面禁令。