I doubt this is just FUD, even Australian regulators pulled info from banks looking into crypto transactions. Given the recent actions of regulators in the US looking into accounts it seems that a wide net has been pulled up and they're looking to see what they've caught. A lot of people say that China's trade went underground after the ban, but it's more logical to think that a country where many fear the debt bubble and loss of value of the yuan have sought to turn their crypto gains into foreign fiat.
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