Comment Comment by cs702 As soon as I read this, two words came to mind:Capital flight.A growing number of Chinese nationals has been using Bitcoin to siphon money out of China over the past several years.[1][2]Not surprisingly, the Chinese government is cracking down on this innovative form of capital flight.[1] http://www.theepochtimes.com/n3/1891021-how-chinese-use-bitc...[2] http://www.theaustralian.com.au/business/markets/chinese-inv... parent cs702 9 years ago
Capital flight.
A growing number of Chinese nationals has been using Bitcoin to siphon money out of China over the past several years.[1][2]
Not surprisingly, the Chinese government is cracking down on this innovative form of capital flight.
[1] http://www.theepochtimes.com/n3/1891021-how-chinese-use-bitc...
[2] http://www.theaustralian.com.au/business/markets/chinese-inv...