By continuing you agree to eChinacities's Privacy Policy .
Sign up with Google Sign up with FacebookQ: Has anyone attempted to use bitcoins to move money out of China?
Is it possible ( and easy enough ) to convert RMB to bitcoin, then reconvert it elsewhere?
Any ideas, help, would be much appreciated.
10 years 20 weeks ago in Money & Banking - China
Just this week the People's Bank of China -- the Chinese central bank -- placed trading and exchange in bitcoins off limits to Chinese nationals. It made all the front pages of the newspapers.
Now I wonder how that will translate into reality.
There are other ways (legal, too) depending on your circumstances a) how much money? tens of thousands, hundreds of thousands? b) It's a one time thing (ie. you want your savings out of China, not moving substantial amounts out on a regular basis) c) your geographic location in China d) your visa type in China (tourist, business, resident permit?)
Chinese Banks are prohibited to deal with 'bitcoins' as per yesterday 'news on teli'....
icnif77:
http://www.csmonitor.com/World/Asia-Pacific/2013/1206/Why-the-Chinese-can-t-get-enough-of-Bitcoin-despite-bank-ban