News Snapshot:
Crypto Outflows from China to Foreign Exchanges Fell by 40% After Govt. Strengthened Its Policies In the first half of 2021, the outflow of crypto assets from China to foreign countries reached $28.3 billion, according to PeckShield, a blockchain security, and data analytics company. This outflow was 1.6x of the total crypto asset outflow seen in 2020. However, the amount of money flowing out of domestic exchanges, mainly four crypto exchanges in Mainland China and Hong Kong, fell by nearly 40% between May and June 2021 due to the strengthening of domestic policies on mining and trading. It was in...
