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Tag: capital controls

China Tightens Capital Controls, BTC-CNY at Fresh Highs

Category: Bitcoin, Finance, News

China Tightens Capital Controls, BTC-CNY at Fresh Highs

The People’s Bank of China (PBOC), announced its plans, viewed as a disguised form of capital controls, regarding the restriction of foreign currency acquisition within the country. The decision comes shortly before the Chinese new year on January 28, a period in which capital outflow and remittance volumes rise substantially. In the past few months, the PBOC and the Chinese…

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