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A comment on China Bans Bitcoin Executives from Leaving Country, Miners “Preparing for Worst”. Parent comment

Re:China Bans Bitcoin Executives from Leaving Country, Miner... by pavel_lishin on Wednesday September 20, 2017 @03:14PM (#15297220)
> Buying BTC using INR is as hard as buying USD using INR since you need to show the paper trail.

What do you mean? To whom are you showing a paper trail? Do you have to account for cash withdrawals from a bank?

Do you have to show a paper trail if you take out some money from the bank, and use it to buy a motorcycle, or twenty barrels of grain, or ten iPhones?

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Re:China Bans Bitcoin Executives from Leaving Country, Miner... by anindha on Wednesday September 20, 2017 @03:38PM (#15297462)
As a business, yes. As an individual, yes if you are audited. Also those examples are relatively small amounts.
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