On April 23, Miles Guo revealed in his live broadcast that the Chinese Communist Party had taken control of all banks in Communist China to regulate and restrict cash withdrawals and transfers for individuals and businesses.
Miles explained that the Communist Party’s banks would inevitably set up several oversight and control measures on people’s assets within communist China, including limits on cash withdrawals, transfers, and spending. At the same time, it is strictly forbidden for any individual or business to handle large amounts of cash through banks.
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