Since former Chief Economist at the International Monetary Fund (IMF), Kenneth Rogoff, published a paper last year advocating for the U.S. $100 bill to be removed, governments around the world have pushed forward their agendas towards a cashless society.

The German people have placed themselves in strong opposition to the action and previously pushed back hard against domestic legislation that would have limited cash. Nearly 80% of all transactions in Germany are made with paper currency, putting Europe’s economic engine in direct conflict with the vision coming out of Brussels.

but it is not so easy as your calculations shows.

News URL : https://www.youtube.com/watch?v=-0kRLvpDBSY

Is it over yet, or are we going to see more action once China wakes up?

Net: Same # BTC, a little fiat in pocket. Most likely resuming our upward trajectory. Loving the volatility. Not a bad day.

Two of China's most widely used bitcoin exchanges have announced that they will suspend bitcoin and litecoin withdrawals for one month effective immediately.

Yuan recharge, withdrawals and other services will not be affected, the exchanges said.