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A comment on China to Shut Bitcoin Exchanges?. Parent comment

Re:China to Shut Bitcoin Exchanges? by omarchowdhury on Monday September 11, 2017 @12:29AM (#15215909)
This realization is incorrect. The amount of BTC generated globally[1] per day is minuscule compared to CNY/BTC volume[2]. Besides, they're selling the BTC they mine for more yuan.

[1] $7M [2] OKCoin.cn alone does $100M a day on the BTC/CNY pair.

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Re:China to Shut Bitcoin Exchanges? by SeoxyS on Monday September 11, 2017 @04:43AM (#15216995)
That CNY traded in China remains stuck in China. Whoever sold the BTC for CNY now has to deal with the restricted currency

Presumably most of that BTC/CNY trading is being traded for capital gains, not as a way to try to evade currency controls.

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