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How would crypto help with moving money out of a country if mining is banned?
by EveYoung 5y ago
How 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.