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It would certainly cause a drop, and it did already, but on the end it's good. Sooner China stops being so important factor in BTC it's better.
I was hoping there'd be an arb split so we can break forex and be the new global standard

I never liked China becoming a leader in BTC, that was never going to finish good.
I don't like USA too, but it's a place for business. Fuck China.