A few people have said that one reason why there might be such a rush to buy in China is the struggle to get money out of the country and to get USD. So the BTC is being used (in these cases) as a middle-man trading currency.
So I'm wondering which exchange would be the best place to sell to USD and transfer back out to a china friendly bank account ?
Ironically for everyone in the states I'm actually wondering if Hong Kong based gox is the place.
Maybe bit stamp though ?
Or would they not need to sell through an exchange ?
I have herd the opposite here in Vancouver lots of OTC coins sold to Chinese who buy in CAD and send them to family to sell in China.So I'm wondering which exchange would be the best place to sell to USD and transfer back out to a china friendly bank account ?
Ironically for everyone in the states I'm actually wondering if Hong Kong based gox is the place.
Maybe bit stamp though ?
Or would they not need to sell through an exchange ?