Quote from: late443 on March 07, 2012, 11:57:08 PM

Quote from: ctoon6 on March 06, 2012, 04:17:30 AM

Although gold would be better suited for this, but i have no idea what the laws on gold are in PRC.

Unfortunately they do not have that right either.

Quote

Article 3. The State shall pursue a policy of unified control, monopoly purchase and distribution of gold and silver.

source:http://www.asianlii.org/cn/legis/cen/laws/rotcogas425/

that article is horrific, totally draconian - I wonder if it's enforced as written, I was under the impression that the PRC gov was encouraging their peep's personal private purchase of PMs atm, gold especially, and that it was State purchaser of all PRC gold mining production for it's own coffers (a hell of a lot of world % produced) plus importing too for CB bullion reserves purchases

but if it is so repressive re gold, ie no more than about an ounce can be taken out by anyone, then Bitcoins will serve a need there by those who wish to not be bound by said controls & so may flourish for that, whether banned at a latter date or not