Did China’s Wealthy Elite Secretly Move Capital Offshore via Hong Kong’s Gemstones?

There’s attention being drawn to an anomaly in China’s trade data. Compared to imports of precious gemstones from Hong Kong, it could point to China’s wealthy overpaying for said imports. A method of moving capital out of the country that bypasses China’s capital controls. An Outflow of Capital? The first trigger is an increase in … Continued

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China’s Police Force Reveals Offshore Exchange Surveillance (news.bitcoin.com)

According to regional reports, China’s police agency is allegedly monitoring cryptocurrency exchanges based outside of the country. An informant details that China’s Public Information Network Security Supervision task-force is closely watching both domestic and foreign trading platforms involved with cryptocurrencies to prevent fraud, pyramid schemes, and money laundering.
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Offshore Tax Haven Marshall Islands to Issue National Cryptocurrency (news.bitcoin.com)

A small island nation with less than 60,000 inhabitants best known internationally as a former test site for nuclear weapons is joining the hottest new trend – issuing a national cryptocurrency. The planned Marshall Islands’ Govcoin is expected to be issued later this year.

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