China’s Cryptocurrency Accumulation Surpasses All Except the US: Top Cryptos to Purchase!
China – a nation that prohibits crypto asset transactions – possesses one of the largest crypto wealths globally. It turns out that China holds 194,775 Bitcoin and 833,083 Ethereum. This stash ranks just behind the US, which has 198,109 Bitcoin.
Nevertheless, China does not openly acknowledge its crypto holdings. Indeed, a recent report from the South China Morning Post indicated that North Korea has accumulated such a considerable amount of BTC that only the US and the UK appear to have more.
Notably, a ruling from the Jiangsu Yancheng Intermediate People’s Court in 2020 revealed that China seized 194,775 BTC, 833,083 ETH, 487 million XRP, 6 billion DOGE, 79,581 BCH, 1.4 million LTC, 27.6 million EOS, 74,167 DASH, and 213,724 USDT.
The Chinese authorities confiscated an impressive crypto collection from the PlusToken scam back in 2019, which is currently valued at an astonishing $20.77 billion
China’s crypto holdings primarily stem from the crackdown on PlusToken, which the government has never liquidated.
JUST IN: Hong Kong ETF issuer CONFIRMS that China is actively preparing to pivot into Bitcoin and cryptocurrency. pic.twitter.com/LS9r9WDyoG
— Altcoin Daily (@AltcoinDailyio) March 24, 2025
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Key Takeaways
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The Chinese authorities seized an exceptional crypto fortune from the PlusToken scam in 2019, which at current valuations stands at a remarkable $20.77 billion
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In spite of its anti-crypto position, China has adopted distributed ledger technology. In October 2019, President Xi Jinping affirmed that distributed record is a fundamental technology worthy of research and investment.
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