https://www.reddit.com/r/IAmA/comments/3nu7gj/we_are_cameron_and_tyler_winklevoss_but_you/cvrd96h
They're looking to expand abroad. I assume flush Chinese already have US banking options so won't need to do anything in particular.
Are we really sure the Chinese have problems getting CNY in and out of exchanges? I can't imagine they'd be so buoyant if that was the case. There must be workarounds still operating well.
They're looking to expand abroad. I assume flush Chinese already have US banking options so won't need to do anything in particular.
Are we really sure the Chinese have problems getting CNY in and out of exchanges? I can't imagine they'd be so buoyant if that was the case. There must be workarounds still operating well.
We only get to hear about the loopholes they use after they have been closed down. They had a way of funneling money through vouchers they could swap for credit on exchanges, but I only found out after it had been stopped. Later they were funneling money through Macau because their debit cards let them send as much as they wanted to it. Again I only found out after it had been stopped.
Whatever loophole they are using today will probably remain a mystery until after it gets stopped. As you say, considering the volume on their exchanges there must be gaping loopholes in their system.
Yes I wonder how the hell are they funding their accounts on the exchanges as well after apparently all the bank account connections were stopped since April.
Thanks for shedding some light on how they actually are doing it. I am afraid though that all of their loopholes could be shortly lived and terminated very fast.
