Chainalysis: around $50B in crypto assets have left China in the past year, of which ~$18B was Tether; China limits citizens to $50K/year in overseas transfers (Matthew Leising/Bloomberg)

Matthew Leising / Bloomberg:
Chainalysis: around $50B in crypto assets have left China in the past year, of which ~$18B was Tether; China limits citizens to $50K/year in overseas transfers  —  - Report suggests digital coins contribute to capital flight  — Tether coin is ‘a U.S. dollar replacement’ for some in China