- Topic1/3
52k Popularity
31k Popularity
11k Popularity
24k Popularity
18k Popularity
- Pin
- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
🚀 How to participate:
1️⃣ Publish an
- 📢 Gate Square #TopContentChallenge# is coming! Post high-quality content and win exclusive rewards!
🌟 We will select outstanding posts for exposure, and help elevate your influence!
💡 How to Participate?
1.Add the #TopContentChallenge# tag to your post.
2.Posts must be over 60 characters and receive at least 3 interactions (Likes/Comment/Share).
3.Post may include only the #TopContentChallenge# tag.
🎁 We’ll select 1 top post to win $50 Futures Voucher every Tuesday and Thursday!
📃 High-quality posts will be shared on Gate Square and labeled as [Featured Posts]!
📌 Rewards will be distribu
- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
Remember the thrill of opening your first account, or the Gate merch that’s been part of your daily life?
📸 Join the #MyGateMoment# campaign!
Share your story on Gate Square, and embrace the next 30 million together!
✅ How to Participate:
1️⃣ Post a photo or video with Gate elements
2️⃣ Add #MyGateMoment# and share your story, wishes, or thoughts
3️⃣ Share your post on Twitter (X) — top 10 views will get extra rewards!
👉
Hundreds of millions of dollars in crypto sales from local governments in China
According to Reuters, local governments in China have started to sell the cryptocurrencies they confiscate to support the public budget with the slowdown in the economy. These sales are taking place despite the ongoing ban on cryptocurrency trading in mainland China.
Cryptocurrency trading and mining are banned in mainland China. However, local governments are collaborating with private companies to cash out cryptocurrencies confiscated as a result of illegal activities. According to Reuters, this raises concerns about the lack of transparency of processes and an increased risk of corruption.
Although the law prohibits individuals from trading cryptocurrencies, it considers the activities of companies that mediate the sale of government-owned assets legal. This situation has increased the interest of the private sector in this field. Since 2018, Shenzhen-based technology firm Jiafenxiang has sold cryptocurrencies worth 3 billion yuan (yaklaşık 408 million dolar) at the request of some cities in Jiangsu province. Sales proceeds are first collected in U.S. dollars, then converted into yuan through local banks.
China is the second-largest Bitcoin-owning country after the United States with approximately 190 thousand BTC. The U.S. holds 198,012 BTC.
How cryptocurrencies are handled legally has become an important agenda in the Chinese judicial system. In February, representatives of the Supreme People's Court and jurists from various universities held a seminar on this issue in Beijing. In December, the People's Bank of China (PBOC) announced that it had included crypto regulations in its annual financial stability report and was working to strengthen the regulatory framework at the international level.
Published: April 16, 2025 2:36 pm