02 Jan '13, 3pm

WSJ: An informal network of money-transfer middlemen has grown up around moving cash out of #China. #bitcoin

WSJ: An informal network of money-transfer middlemen has grown up around moving cash out of #China. #bitcoin

Many people simply carry the cash. The $1 million seized from Chinese citizens at Los Angeles international airports over the last three years—an amount that has almost tripled since 2009—represented over 17% of all cash seized in the city's airports. Chinese money accounted for the second biggest cash seizures—after funds seized from Americans—at airports in Chicago and Detroit and the third biggest in Houston and San Francisco. In Detroit, cash seized in 2011 from Chinese citizens represented 18% of all cash taken, a ratio that had increased from 5% in 2009.

Full article: http://online.wsj.com/article/SB1000142412788732363550457...

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