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RE: BTC - China is literally laundering its money right now...
Actually, China doesn't need so much cash, people are using alipay or wechat pay. You will be scorned in China if you use cash. People would think you come from a low civilized place if you use cash....
Yep, I did read that as well. Regardless of whether people are using much actual fiat cash, the government has still ordered banks and those that deal in cash to take these measures.