honestly i can see china trying to control the flow of bitcoins soon as well. they are trying to control the fiat going in and out of the exchange, but if the btc can be transferred out easily that reduces the effectiveness of their policy.
or am i missing something?
or am i missing something?
Authorities might now grasping the risk of btc to their currency control and leakage. They are gradually putting measures to squeeze cash flow to btc while letting investors out without causing sudden price crash. Next step might be to prevent exchanges from using chinese banks.
chinese government has been positive about bitcoin to this day, there's no reason to believe that they wanted anything more than to take control of fiat which goes in/out, at least until proved otherwise
but don't they have a policy of only being able to take $50,000 per person per year out of the country? as far as i know, there are currently no limits to how much you can invest in bitcoin. what's stopping someone from buying $1m in bitcoins through btcchina using their chinese bank account then transferring to bitstamp and withdrawing $1m anywhere in the world?