ChainCatcher news, according to Reuters, despite China's ban on cryptocurrency trading, local governments are currently selling these digital assets in overseas markets through private companies to supplement fiscal revenue, a practice that has raised regulatory and compliance concerns. In 2023, the amount involved in cryptocurrency-related crimes in China surged to 430.7 billion yuan, with local government confiscation revenue reaching a record 378 billion yuan. Experts suggest that the central government consider centralized management of these assets, possibly emulating the Trump administration's establishment of a cryptocurrency reserve, or setting up a cryptocurrency sovereign fund in Hong Kong.