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The interesting thing is you can still use bitcoin to convert RMB to USD regardless of bank policy, by investing in mining. If you can pay for the costs of mini
by cstejerean 13y ago
The interesting thing is you can still use bitcoin to convert RMB to USD regardless of bank policy, by investing in mining. If you can pay for the costs of mining (hardware + electricity) in RMB, you can then sell the coins you mine for USD, completely bypassing capital controls. Even if you are mining at a slight loss, it might still be worth it to someone really keen on turning more RMB into USD then otherwise allowed.