You go to an OTC desk in China, you buy Tethers with $1M USD worth of RMB, you send the Tethers out of China and cash them out either directly at Coinbase or vi

You go to an OTC desk in China, you buy Tethers with $1M USD worth of RMB, you send the Tethers out of China and cash them out either directly at Coinbase or via BTC. [1] There's been a big market for escaping RMB capital controls since they were instituted, often via various gangs and casinos [2] [1] https://twitter.com/patio11/status/1424897022268645379 https://twitter.com/patio11/status/1424897022268645379 [2] https://www.casino.org/news/us-marshals-service-to-seize-imperial-palace-saipan-casino-assets/ https://www.casino.org/news/us-marshals-service-to-seize-imp...