chinathrow8
Re:Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal
on Monday September 04, 2017 @05:18PM (#15170906)
...until China bans bitcoin, which might happen soon, after the october national congress
Re:Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal
on Monday September 04, 2017 @05:14PM (#15170894)
btw if you want to make real money, figure out how to help Chinese millionnaires move money out of China
Re:Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal
on Monday September 04, 2017 @05:11PM (#15170881)
Because Bitcoin and ICO are the main mechanism to get money out of China, with overseas cash withdraw very limited for Chinese citizens, with 50% of millionnaires in China wanting to leave (http://bit.ly/2uzYLyu) (and the other 50% already having left probably), and with Chinese government cracking down on real estate/insurance tactics to move money out.
But it's really doubtful they can prevent bitcoin from transfering money out of China altogether (unless they ban bitcoin)