There has been a surge in criminal activities involving crypto in China, resulting in a growing stash of seized digital assets by the government. This has prompted local authorities to explore ways to dispose of the hoard, leading courts and the financial sector to push for clearer regulations.
Reuters noted that lawyers believe the complete lack of crypto laws—due to the ban on digital asset trading in mainland China—has resulted in opaque and inconsistent handling of seized assets.
This lack of transparency has fueled corruption and made lawbreakers more comfortable, the lawyers added.
It has created a unique scenario in the current ecosystem, where market volatility remains high. A major sell-off by the Chinese government could drag Bitcoin’s price down, potentially triggering another bearish phase. On the other hand, this development may also signal the early stages of crypto regulation in a country where cryptocurrency trading remains officially banned.
Sell the Crypto to Fill Public Coffers – Chinese Local Governments
Needless to say, the ballooning amount of seized crypto has created an environment of unease within the Chinese government. Some local administrations believe that the government should leverage private companies to sell the tokens to replenish public coffers, which have slowed down the economy, Reuters reports.
However, this is nothing more than a “makeshift solution,” according to Chen Shi, a professor at the Zhongnan University of Economics and Law. “It does not fully align with China’s current ban on crypto trading,” he added.
The professor further added that better regulation is the need of the hour as the seized crypto continues to balloon.
These sentiments are echoed by Guo Zhihao, a senior partner at Beijing Yingke Law Firm, who believes that if China’s central bank can handle cryptocurrencies, it could either sell them overseas or build a crypto reserve in the same way as Donald Trump.
However, he admits that taking such measures would require a regulatory overhaul. While that has been under discussion, not much has been done about it to date.
The current scenario makes it clear that China is in a bind, creating interesting opportunities for those looking for the best crypto to buy now.
These opportunities emerge from the fact that the current tribulation opens doors for more regulation—and if China goes through with them, it could accelerate blockchain innovation.
Which is the Best Crypto to Buy Now?
Since conditions are being created for China to potentially get back on a regulatory path, the wheels of the market could start turning at any moment. This brings us to the question: which is the best crypto to buy now? While there are many options, truly innovative ones can often only be found in presales.
BTC Bull
When the market moves, Bitcoin is the first crypto to be affected. Therefore, it makes sense that the best crypto to buy now could be a meme coin that mirrors Bitcoin—not as a blatant copy, but one that relies on Bitcoin’s growth for its own momentum.
That’s what BTC Bull is—a meme coin project with mechanics tied to Bitcoin’s rising value, aiming to deliver long-term gains for investors.
The unique perks that BTC Bull offers include Bitcoin airdrops, which will unlock twice before Bitcoin reaches the $250K mark. By giving retail investors access to free Bitcoin, it creates more BTC holders, further bolstering overall growth.
The second perk involves token burns, which will limit the supply of BTC Bull—building demand pressure that could trigger parabolic price action for BTCBULL.
Although these two use cases give BTC Bull a speculative touch, they also keep it honest as a meme coin—offering low-cap investors a chance at high-potential profits.
YouTubers such as Yellow Trades have also commented on BTCBULL’s potential, stating that this could be the token to go “to the moon” after listing.
SUBBD
Since the emergence of crypto regulations in China could lead to the arrival of more innovative projects, SUBBD could be one of the tokens that gains traction on a global scale.
Already making rounds as an AI crypto powering a content creation platform of the same name, SUBBD is a Web3 ecosystem where creators can be paid more while gaining access to tools that help them generate better content.
An AI influencer system is being embedded, and SUBBD has already onboarded multiple “honeys”—content creators—and is slowly carving its own niche in an industry worth $85 billion.
Another reason to be excited about SUBBD is its focus on unique ways for fans and creators to collaborate, further positioning SUBBD as a standout cryptocurrency project.
Over $170K has been raised by the project so far. While that may not seem like much, it’s important to remember that SUBBD is not a meme crypto, but an AI asset with long-term utility—giving it the potential to generate sustainable growth for investors.
Best Wallet Token
The slightest possibility of crypto regulations in one of the biggest economies in the world would mean a surge of new cryptocurrency investors. However, many of them could be overwhelmed by standard crypto storage solutions, which means they would require better ecosystems to manage their assets.
Best Wallet Token promises to provide that ecosystem by letting these investors enjoy the enhanced perks of Best Wallet.
Best Wallet is one of the fastest-growing cryptocurrency wallets, also serving as a launchpad for some of the best crypto ICOs. With support for over 50 chains—including Bitcoin—it has what it takes to become a favorite among new traders looking for something different.
Other perks of Best Wallet, which the $BEST token helps enhance, include staking, transaction fee reductions, and more. Additional features such as market insights and portfolio management will also be added soon.
So, Best Wallet Token carries an air of accessibility, and the ease it brings—thanks to the simple UI and security features of the wallet it powers—makes it one of the best cryptos to buy.
Conclusion
China’s recent bind could lay the groundwork for crypto-centric regulations. That, in turn, could open new opportunities and bring more innovation to the blockchain space—potentially making it easier to identify the best crypto to buy now.
However, this could also be nothing more than wishful thinking, as so far, little more than “pondering” has been done regarding regulations. While the community hopes that will change, in the meantime, attention should be paid to crypto ICOs such as the ones mentioned in this article. These could become the next big cryptos to invest in over the coming days.
