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Link copied Crypto reportedly used by some Hong Kong residents to move money to Canada Canada's Fintrac revealed that capital outflows from Hongkong to Canada rose to $34 billion in 2020. Hong Kong Island Skyline / Image by: Wikimedia Commons 38 am UTC Capital outflows from Hong Kong to Canada soared to new heights in the past year. However, the record-breaking amount does not yet include transfers sent by residents who used crypto to move their money abroad due to the security law turmoil in the Asian financial hub. Data from Canada’s financial intelligence agency, the Financial Transactions and Reports...
