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RE: China's last bid to curb capital outflows - Crypto markets must observe the important date : July 1st!
Would they be able to trace it if a China national buys bitcoin, Then travels overseas (lets say Australia) and sells it for cash in Australia?
They can't know what you do with the bitcoin once you have it. That's why they're doing their best to stop people from purchasing larger amounts and letting bitcoin become the best way to shift money out the country.
I see.. Thanks for your reply :)