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RE: China's last bid to curb capital outflows - Crypto markets must observe the important date : July 1st!

in #news8 years ago

What prevents miners and others from sending their Bitcoins outside the country to other exchanges or by physically exporting Bitcoins in a hardware wallet?

Does the "Great Firewall of China" some how interfere with these types of transfers?

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Therw is no issue once you have bitcoin in hand. For the large majority of cash rich people needing to send money abroad, the new policy is an issue. Exchanges are constantly under the watchful eye of the pboc. Btc is already well on the gvt radar for being used as a method of laundering money.