Post
Topic
Board Bitcoin Discussion
Re: Do The Chinese Use Bitcoin To Get Pass Its Foreign Exchange Control?
by
RooseveltOah
on 17/12/2019, 01:47:47 UTC
Some must do it for sure. But I'm wondering how easy that would be for large amounts of money. As we know, China has tough controls on payments. Most happen electronically through government approved applications. If somebody was dealing too much with cash, it'd might be expensive and also suspicious. Maybe getting money out of china is either a small time thing or mostly accessible to those with access to elite grey market services.

Yea it is mostly accessible only to the elite class, as far as I understand they only get their hands on this service through introductions, the transfer isn’t as limited due to it a company transfer mostly