Tag: Capital Control

China’s State Council To Impose Stricter Regulation For Enterprises Investing Abroad

The financial situation in China continues to go from bad to worse by the look of things. Local companies will face even tighter controls when they want to invest abroad. This is the latest move by the government to curb capital outflows, although these matters will only further weaken the economy. This decision may also impact Bitcoin companies in the future, although that remains to be seen. Investing Abroad Becomes …
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Bitcoin is The Answer For Chinese Travelers Looking To Escape Domestic Capital Controls

There is something terribly wrong with governments and law enforcement agencies who confiscate cash at random. An article surfaced online on September 10th, explaining how Chinese travelers often carry huge amounts of cash. The majority of confiscations occurred at Vancouver International Airport. No wonder Chinese consumers and investors are flocking to Bitcoin. Chinese Tourists Face Cash Confiscation While it may sound unusual for Chinese tourists to carry vast sums of …
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3 Main Reasons Why People Get Involved in Bitcoin

There are many different reasons as to why people get attracted to Bitcoin. The possibility for significant financial gain in the long is one of them, whereas others see it as a lifeline to escape capital control and a failing economy. The viability of this cryptocurrency has never been questioned, as more use cases emerge on a regular basis. 1) Bitcoin Is A Way Out From Financial Turmoil Bitcoin can …
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Mainstream Media In Venezuela Condemns Bitcoin

Digital currency is gaining more popularity all over the world, and Venezuela is one of the most recent countries where Bitcoin adoption is starting to gain traction. Although the local government is not too keen on Bitcoin in general, consumers and businesses are flocking to digital currency because it operates outside of the control of central banks. Economic experts and various media outlets have jumped on the Bitcoin bandwagon as …
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