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They went on to say that if and when this happens, people will still be able to withdraw their money from Chinese exchanges, they just wont be able to deposit new funds.
Theres no need to panic and do a run on the bank. People will still be able to sell their bitcoins for local currency and then withdraw that currency, they concluded.
The question is, if you are not a speculator in China, why would you WANT to withdraw your money to local currency there when it is subject to capital controls, inflation, seizing etc? If I were in China and was part of the richer class there and had bitcoin,it would be insurance.