4 ms·
Makes sense given the cap they have on how much foreign currency they can buy
by lecarore 5y ago
Makes sense given the cap they have on how much foreign currency they can buy
- Animats 5y agoRight. China severely restricts sending money out of the country, while encouraging manufacturing and exports. If you're in China and want dollars or euros, make something in China, sell it outside China for a convertible currency, and keep the profits outside China. Bitcoin mining fit that model. It was making something in China and selling it outside China. Not only legal, but encouraged. That just ended.