China JUST Seized 1% of Bitcoin Total Supply as US Treasury Warns of NEW Cryptocurrency Regulation

Chinese police have JUST seized over 1% of Bitcoin’s total supply, plus Coinbase CEO has heard whispers that the departing Trump Administration may drop a huge crypto wallet regulation bomb on United States traders.

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Altcoin Daily Youtube channel is a crypto related channel that manages by Aaron and Austin. They are HUGE Bitcoin fundamentalists and take a “free market” approach to the greater cryptocurrency space. Their personal goal is to use altcoins to stack more Bitcoin.

In this video these topics are discussed:

  • China Seizes BILLIONS of Bitcoin and Cryptocurrency
  • US Treasury Cryptocurrency Regulation
  • Ripple (XRP) speaks on US Regulation
  • Bitcoin Price Chart

The dispute over PlusToken, which led to the arrest of 109 people to date, has allegedly led to a $4.2 billion titanic crypto-assets seizure by Chinese authorities.

The Yancheng Intermediate People’s Court puts the estimated figure of members at 2.6 million, and outlines that the scheme absorbed 314,000 BTC, 117,450 BCH, 96,023 Dash, 11 billion DOGE, 1.84 million LTC, 9 million ETH, 51 million EOS, and 928 million XRP by June 27, 2019.

The assets were supposedly nearly 15 billion yuan when they were absorbed – about 2,2 billion dollars. This benefit is considerably higher in today’s bull market conditions. Most of the funds have been used to encourage members to recruit new objectives, and some have been cashed out by ringleaders for daily and personal expenses.

Also, on Wednesday evening, Brian Armstrong, the CEO of the leading Coinbase crypto exchange, took to Twitter to alert the cryptography world about rumors of the Trump administration’s attempts to enforce strict data collection requirements on holders of crypto wallets—making them easier to monitor.If Armstrong’s data is decent, it means that Treasury Secretary Steven Mnuchin’s outgoing Trump administration is rapid to follow regulatory requirements that violate the right of a US citizen to “self-host” their crypto wallets and give up complete ownership of his or her own.

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