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Bitcoin as protest: Hong Kong demonstrators withdraw their money from banking system

Bitcoin as protest: Hong Kong demonstrators withdraw their money from banking system

Protesters in Hong Kong have taken to a new non-violent tactic, withdrawing cash in mass from ATMs and banks and converting it to U.S. dollars-foreshadowing things to come for Bitcoin. On Aug. 16, protesters in Hong Kong announced plans to withdraw their cash from the banking system in protest of overreach from mainland China, reported Business Insider.