China Scrambles To Enforce Capital Controls (Which Is Great News For Bitcoin)

by Tyler Durden
ZeroHedge.com
09/02/2015

“China is imposing fresh controls to prevent too much money from leaving the country, in an effort to keep badly needed funds at home to battle a deepening slowdown in the world’s No. 2 economy.” This is undsiputedly bad news for China, but Blythe Masters would be the first to admit, escalating Chinese capital controls would be just the thing bitcoin needs to surge, and surpass, it previous all time highs…

The Rest…HERE

This entry was posted on Wednesday, September 2nd, 2015 at 12:16 pm and is filed under China, Economics, Government Evil, Police State. You can follow any responses to this entry through the RSS 2.0 feed.