All your bitcoin are belong to China

9 January 2017 By Pete Sweeney

Beijing has cracked down on people converting yuan to dollars, but seems relatively relaxed about them piling into the virtual currency. That’s probably because the bitcoin market is tiny, volatile, and dominated by local speculators: an unreliable channel for capital outflows.

This content is for Subscribers only

To access full content you must be a subscriber. Please use the following link to request a trial.


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)