Bitcoin (BTC) is banned A province in China issued a circular stating that seized cryptocurrencies can be sold at prices of up to 20% discount through negotiation.
In an article published by a local news agency, the following is stated in the circular announced by China’s Shandong province regarding the seized assets: cryptocurrency decision attention was drawn.
Ministry of Finance of Shandong Province And 17 departments In the circular he prepared together, it was stated that cryptocurrencies seized by law enforcement forces in accordance with the law can be sold through negotiation specified.
However, the market price of the cryptocurrencies in question at most 20% It was stated that it could be sold with a discount. In addition, the parties involved in the negotiation withdrawal agreement It was emphasized that he had to sign it.
In the circular, seizure And negotiation The following details about the operation of the process were included:
If the seized goods do not comply with the negotiation methods, law enforcement officers will review the disposal proposals according to the nature and classification of the seized goods, consult with the financial and other departments at the same level. A disposal plan will then be put forward accordingly and reported to senior financial departments for record.
On the other hand, according to the news, the assets generally included Bitcoin (BTC), Ethereum (ETH) And Tether (USDT) It is not clear whether it includes cryptocurrencies such as. Moreover Allowing sales to third party companies is not given and issuing companies or regulatory body can take back the assets in question.
Shandong province published a draft guideline in early September. 2025 until the year $20.5 billion one the size of metaverse announced plans to create the market.