Japanese Firms Hit by China’s Capital Control May Flock to BitcoinAs it becomes harder for the Chinese to move funds in and out of the country over the past few months, all companies dealing with Chinese subsidiaries will be affected at some point. For Japanese firms, that boiling point was reached a few days ago, as their subsidiaries can’t properly pay loans, dividends and compensations to their Japanese parent enterprises.
In some cases, these capital control measurements have resulted in billions of yen not being repaid to Japanese parent firms. Although there is a lot of backlash...
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