> "Another concern inherent in decentralised cryptocurrencies is that they make it easy to circumvent China’s capital controls, which restrict people from converting more than US$50,000 worth of yuan into foreign currencies each year."
> "Without restrictions on bitcoin trading, it is easy to buy large values of the digital token and quickly convert it into other currencies. Still, the fees associated with that are typically much higher than what people would pay through bank transfers."
1. https://www.scmp.com/tech/big-tech/article/3141253/chinas-bi...
Institution of capital controls in Britain and the USA would represent an inversion of the actual political power structure (which is currently basically a top down oligarchic power structure run out of Wall Street and London, a system in which most major economic decisions are made by a 'Central Committee' of billionaire shareholders and CEOs, not by their paid-off and subservient bureaucrats and politicians).
Monero would be a much better choice for their purposes.