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Bitcoin was one way to bypass currency controls. The other I heard was gambling in Macau - act as if you lost $100k, but take say $80k out of China.
by akurtzhs 12y ago
Bitcoin was one way to bypass currency controls. The other I heard was gambling in Macau - act as if you lost $100k, but take say $80k out of China.
- kyllo 12y agoThe simplest way is the "youhuitong" or "preferential exchange" service the Chinese banks offer, which is a fancy name for "bribe us and we'll circumvent the transfer limits for you."