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Title: Chinese bitcoin exchange rate higher due to capital control? Post by: johnyj on September 11, 2015, 04:19:17 PM "The move appears part of the government's recent efforts to curb the potential of capital outflows," said a senior dealer at a major Chinese commercial bank in Shanghai.
"We understand that NRAs are part of the sources of onshore and offshore yuan arbitrage activity, but we have no data for either how much funds these accounts have nor the scale of their arbitrage business." http://www.reuters.com/article/2015/09/11/china-forex-nra-idUSL4N11H37B20150911 Title: Re: Chinese bitcoin exchange rate higher due to capital control? Post by: maokoto on September 11, 2015, 06:03:03 PM It might be that it is due to that. This world is connected in ways that is hard to see clearly.
Sometimes it is easy to see some connection, but not to predict how much or how little will it affect the prices. |