Cryptocurrency Q&A
What is the price of Chinese pangolin?
What is the price of Chinese pangolin?
MysticStorm
Tue Aug 27 2024
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7 answers
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Excuse me, could you please clarify the current market value of the Chinese pangolin? I understand that it's a highly endangered species and its trade is illegal in many countries, but I'm curious about its potential monetary worth, if any, in the black market or other illicit channels. Is there a specific range or an average price that one might encounter for this animal?
7 answers
CryptoNinja
Thu Aug 29 2024
The prices of pangolin scales have increased significantly over the years, both in the Protected Areas (PA) and outside of them. In 2014, the average reported price in the PA was 12,000 NPR/kg, equivalent to approximately USD $109/kg.
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Dario
Wed Aug 28 2024
By 2018, this price had risen to 18,000 NPR/kg, or USD $163/kg, marking a substantial increase in just four years. This trend indicates a growing demand for pangolin scales and the pressure it puts on pangolin populations.
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JejuJoyfulHeartSoul
Wed Aug 28 2024
To combat this issue, stricter regulations and enforcement efforts are needed to protect pangolins and disrupt the illegal trade networks. Additionally, public education and awareness campaigns can help reduce demand for pangolin products.
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isabella_oliver_musician
Wed Aug 28 2024
The situation is even more dire outside of the PA. In 2014, the cost per kg of pangolin scales was 15,000 NPR/kg, translating to approximately USD $136/kg. This price was already higher than that in the PA, suggesting a stronger black market presence in these areas.
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Federico
Wed Aug 28 2024
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