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GameKyuubi (OP)
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December 17, 2013, 05:38:19 AM
 #1
If China takes the final step and actually bans buying BTC, the off-market price for them in China will go through the roof.  Big market for smuggling BTC to China soon.  Gonna be a lot of people kicking themselves.
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pand70
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December 17, 2013, 06:14:04 AM
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Quote from: GameKyuubi on December 17, 2013, 05:38:19 AM
If China takes the final step and actually bans buying BTC, the off-market price for them in China will go through the roof.  Big market for smuggling BTC to China soon.  Gonna be a lot of people kicking themselves.

I don't think that they sell to buy back later at higher price in a black market or something  Roll Eyes
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December 17, 2013, 06:21:54 AM
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Quote from: GameKyuubi on December 17, 2013, 05:38:19 AM
Big market for smuggling BTC to China soon.

There is and has been a big market for smuggling any bearer financial instrument into China.  It's pretty much automatic when you have a non-convertible currency.
The printing press heralded the end of the Dark Ages and made the Enlightenment possible, but it took another three centuries before any country managed to put freedom of the press beyond the reach of legislators.  So it may take a while before cryptocurrencies are free of the AML-NSA-KYC surveillance plague.
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