Re:The China ICO Ban
by AndrewKemendo on Tuesday September 05, 2017 @01:12PM
(#15177131)
I think they actually did.
However, even if they didn't, the are intentionally keeping the velocity of Yuan>x-coin low to keep an eye on it. So the BoC might be saying, ok fine, buy bitcoin and then exchange it for trash-coin all you want, and if we see too many capital flows through Y>BTC we'll turn that off cause it's easier.
Re:The China ICO Ban
by nipponese on Tuesday September 05, 2017 @01:23PM
(#15177239)
While that is certainly possible, no government can resist the temptation to collect tax on capital gains until the problem threatens national sovereignty, and we are pretty far away from an eject button scenario like that.
However, even if they didn't, the are intentionally keeping the velocity of Yuan>x-coin low to keep an eye on it. So the BoC might be saying, ok fine, buy bitcoin and then exchange it for trash-coin all you want, and if we see too many capital flows through Y>BTC we'll turn that off cause it's easier.