With the value of the Chinese Yuan (CNY) weakening due to high interest rates, there are a lot of people in China using capital flight as a means to move their money out of China to secure their funds in other currencies overseas. As the CEO of the popular bitcoin exchange BTCC in China, Bobby Lee says that people can use bitcoin to determine the black market rate of CNY saying, “Bitcoin has no limits. You can go in and out all you want. It’s a really fascinating topic.”
Read more: http://bitcoinx.io/news/articles/btcc-e ... al-flight/
Forum rules
If you are posting news, press or any other related material that directly or in-directly benefits you, we request that you post a back-link to bitcoin.com by using a button, banner or text-link on your website. Thanks for supporting Bitcoin.com!
If you are posting news, press or any other related material that directly or in-directly benefits you, we request that you post a back-link to bitcoin.com by using a button, banner or text-link on your website. Thanks for supporting Bitcoin.com!
-
BitcoinXio
- Nickel Bitcoiner
- Posts: 167
- Joined: Mon Sep 21, 2015 4:12 pm
- Contact: Website
Who is online
Users browsing this forum: No registered users and 5 guests