@current prices that is one btc per day.
Does that mean that they are attempting to regulate (or to make illegal) the sending and receiving of bitcoin through private parties of more than the value of 200 CNY?
Damn... I see you took my advice and wrote shorter messages...
And it made me read it...
An example of your being "challenged" in your ability to distinguish between causation and correlation.
So... no... What is it saying is that : "don't f&@# with our physical payments!" ... Meaning that they don't care too much about the online transactions that don't involve pressure and strain upon them delivering!
I don't know if I either understand nor agree with your explanation, but I appreciate your seeming effort to attempt to respond substantively.
And as a concrete example would be if someone that is not a factory worker/ hospital nurse ... is less important than the people that produce nourishment for the system! Meaning the people of Gov of China have priority and you cannot produce shortages in detriment to the interest of the greater good of the country!
This is about as concrete as mud.
For some of you this might look as discrimination. But from my perspective is understandable!
*Edit: Think about Venezuela!!! ... You would literally need a forklift and a huge container to change 1 single BTCitcoin for small bill stacks of currency! ... So if the bitcoin price gets out of hand... since it is in the hands of the people... It prevents from creating shortages! And also they can tax you for doing multiple withdraws, if you need more than 5000 CNY per month! Just basically they are saying it would cost too much paper currency for us to deliver and at least we are not legally obliged to submit to your demands since we have the legislation on our side! Just use a f@$!#% credit card!
In some sense, you may be getting at something concrete regarding your seemingly roundabout point asserting that through this regulation the chinese may be attempting to cause some regulatory burdens on the use of crypto currencies, such as bitcoin.
Hopefully, at some point, someone can make a bit better clarification regarding this new chinese value transmission regulatory matter, and whether it is material important in the bitcoin scene.