Re:"Fake Chinese income" mortgages fuel Toronto real estate ...
by jabbany on Tuesday February 06, 2024 @03:43PM
(#39280290)
Yup. Hence the capital control (less money leaking out means an easier recovery after the bust).
Of course, as is rational in capitalism, this just makes it even more urgent to skirt the capital control, lest you be caught with the burden of the bust. This was also why crypto was even an option for doing this, for a short while at least.
Of course, as is rational in capitalism, this just makes it even more urgent to skirt the capital control, lest you be caught with the burden of the bust. This was also why crypto was even an option for doing this, for a short while at least.