“Cash laundering”, aka something China considers as a fund motion they dislike. Properly, it isn’t incomes an unlawful revenue anymore, it appears.
China’s gonna China, as at all times.
However I suppose if even China cannot correctly implement all this, I am unsure how anybody expects the US to implement it. With how the US dealt with the battle on medicine, it is certainly delusional to count on any higher final result from any decentralized crypto enforcement.