Quote from: Guido on November 03, 2015, 09:28:29 PM

Quote from: Mickeyb on November 03, 2015, 09:16:51 PM

This is a great news and all and I salute this very much! But am I the only one seeing something weird here?

If the Chinese capital controls are the main reason of current run as everyone is reporting today, why would they allow bank deposits directly then and in this way encourage the outflow of capital out of their country?

agreed
is a paradox

therefore we could see an ATM in many thousands, to then see china come in and mega tighten things again
unless the chinese gov have been accumalting cheap coin for past 18 months

This might have been happening but this still doesn't explain the capital controls thing which don't go hand in hand with allowing direct bank deposits!