Beginning of the end, folks… Without CNY → BTC → Real estate money launderying to rely on, that really only leaves drug trafficking as a price support for crypto. Now, as a government do you shut down crypto and lose the intelligence you get from the blockchains or do you leave it up and let things run?
Will this (I think it will) take the upward pressure off real estate markets in areas popular with Chinese investors? (Auckland, Sydney, Toronto… Mississauga…)
