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China bitcoin exchange says no govt pressure on outflows

Tuesday, January 10, 2017 - 05:50

Bitcoin is becoming an attractive option for tech-savvy Chinese to hedge against the yuan and circumvent rules that limit individuals to US$50,000 of forex each year.


THE head of a major bitcoin exchange in China says few people there use the crypto currency to get around rules on how much money they can take out of the country, and despite a publicised meeting with the central bank last week the exchange, BTCC, hasn't been told explicitly to

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