I just saw some article stating China is upset because crypto platforms allowed $2.2 billion of wealth to bypass Chinas capital controls and leave the country.
In a world where bitcoin exists some current rules and controls are made completely redundant.
Capital controls, international wire restrictions, financial sanctions, the $10,000 limit when travelling with wealth.
Absolutely none of these rules make any logical sense in a world where bitcoin exists.
Trying to enforce these rules in a bitcoin world would be like trying to restrict people from sending messages around the world by banning postal services when email exists. It makes no logical sense.
All of these rules and controls on money are doing only one thing, pushing the worlds population into bitcoin even faster.
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