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China suffers worst capital flight in years, but could it pump Bitcoin?
22.9.2023
China's capital outflows reached $49 billion in August, its highest in nearly eight years. Analysts are debating whether it could be a boon for Bitcoin and crypto
Elon Musk Shares ‘Massive Incentive to Move Money out of Bank Accounts’
9.5.2023
Tesla and Twitter CEO Elon Musk has shared a “massive incentive” to move money out of bank accounts, citing a significant interest rate gap created by the U.S. Treasury and the Federal Reserve. “As more people & companies realize this, bank depositor flight will accelerate...
Hong Kong Protects Local Currency in Forex Market Amid Capital Flight to US Dollar
29.9.2022
Following the Bank of England explaining that it would be meddling in U.K. bond markets and the Bank of Japan defending the yen in the foreign exchange market last week, the Hong Kong Monetary Authority (HKMA) revealed it intervened in forex markets on Wednesday. Hong Kong’s central bank...
Japan considers implementing tax reforms to prevent capital flight of crypto startups
25.8.2022
Industry experts say that the current scheme is stifling domestic innovation in the virtual currency sector
DeFi protocol Aave encounters major capital flight
29.10.2021
Total value locked on the decentralized borrowing and lending platform fell 16% in the past 24 hours
$50 Billion in Cryptocurrency Left China Amid Escalating Trade Wars
24.8.2020
Over $50 billion in cryptocurrency flowed out of China over the past 12 months amid trade wars, a new study finds. East Asia is the world’s largest cryptocurrency market; its crypto trading volume is driven by “a robust professional market” as well as an “extremely...
USD 50B in Crypto from Asia Hints at Chinese Capital Flight – Report
21.8.2020
With more than USD 50 billion in crypto leaving wallet addresses tied to East Asia and headed to other regions around the world over the past 12 months, signs point to crypto increasingly being used to evade strict Chinese capital controls, a new report from on-chain analysis firm Chainalysis...
Tether Could Be Enabling Capital Flight From China, Says Chainalysis
21.8.2020
The East Asia crypto market has reacted fast to news of Beijing’s national digital currency and regional economic tumult
‘Capital Flight out of Asia Is Taking Bitcoin Express’ Says Max Keiser
10.8.2020
Bitcoin is one of the few ways to move an entire fortune abroad, Bitcoin bull Max Keiser says
China Saw $11.4 Billion in Crypto-Based Capital Flight Last Year
13.1.2020
On January 8, China-based blockchain security firm Peckshield published its “2019 Global Digital Asset AML Research Report” noting a variety of crypto trends throughout the year. According to the study, cryptocurrency-based capital flight stemming from China was around $11.4 billion...
Market Outlook: Trade Wars and Filthy Fiat Battles Fuel Crypto Prices
5.8.2019
A slew of digital currencies have gathered decent gains over the last 48 hours and the entire market capitalization now stands at around $308 billion. Moreover, cryptocurrency trade volumes have kicked up a notch, capturing $66 billion in swaps over the last day. Overall, speculators think...