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Title: [2015-09-20] Bitcoin: A Golden Ticket Around China’s Capital Controls Post by: jdebunt on September 20, 2015, 05:45:51 AM https://news.bitcoin.com/bitcoin-golden-ticket-around-china-capital-controls/
China, a country once believed to be one of the top financial powerhouses in the world, is starting to show its true colors. In recent weeks, the Chinese Yuan has been devaluating at a rapid pace, and many wealthy investors are moving all of their funds out of the country while they still can. But the Chinese government is not sitting by idly, and is enforcing capital controls to keep funds within China’s borders, and not allow any foreign funds to enter the market. |