Exchanges here in the USA have also enacted very strong anti money laundering practices over the past year, yet traffic has soared. I'm not sure if laws will really deter interest in crypto in China. As they say, "where there's a will, there's a way".
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The difference is people aren't rushing to sell the USD, quite the opposite. The US does not have to worry about an over leveraged economy ramping up money printing either - wait, that's not true ;)
Oh snap! :)