China has made another move in its ongoing battle against capital flight, with its latest bust being seen as part of this effort. Many speculate that the country’s continued ban on cryptocurrencies is actually driven by its desire to prevent capital outflows. This latest development is seen as another salvo in China’s war on capital flight, further reinforcing the belief that the ban on cryptocurrencies is aimed at maintaining control over the movement of capital.
HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinCrypto Trading Platforms Involved in $2.2B Illegal Chinese Forex Ring, Says Report