News Snapshot:
Chainalysis reported that at least $50 billion of cryptocurrency moved from China-based digital assets to other parts of the world in 2019 hinting at capital flight from Beijing rules. At least $50 billion of crypto moved from China-based digital assets to other parts of the world in 2019 according to a new report. That move points to probabilities that the Chinese investors are now transferring more money than allowed out of the country. Chinese citizens can just buy up to $50,000 of foreign currency annually at a financial institution. Previously, wealthy citizens have now circumvented the limit using foreign investments...
