China Threatens Overseas Tax Havens, Will Investors Flock to Crypto?
Since early 2018, the government of China has tightened policies targeting millionaire investors in the country holding their wealth overseas to avoid large taxes, and it may lead local investors to alternative assets like crypto. Chinese investors rely on the Swiss offshore banking industry, Hong Kong real estate market, and foreign stock markets to hoard
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Posted by Joseph Young on October 14, 2018 @ https://www.ccn.com/china-threatens-overseas-tax-havens-will-investors-flock-to-crypto/