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This is interesting timing given what has been happening related to Evergrande. It is possible that the government is worried about money being moved out of the
by dtwest 5y ago
This is interesting timing given what has been happening related to Evergrande. It is possible that the government is worried about money being moved out of the country, and cryptocurrency is one way of doing that.
- EveYoung 5y agoHow would crypto help with moving money out of a country if mining is banned?
- photon-torpedo 5y ago1. Find a place that takes RMB and gives you crypto. 2. Send crypto to your wallet or foreign exchange. 3. Abroad, sell crypto for non-RMB fiat currency. No mining needed. China can't ban 2 (or perhaps they could by putting the great firewall into overdrive) so they are banning 1.
- stiltzkin 5y agoYou do not mining to exchange Yuan to crypto.