China’s Cryptocurrency Curiosity

Amidst the rise in capital outflows from China, Chinese investors have dominated global trading and production of Bitcoin, a peer-to-peer electronic payment system that operates independent of a central authority, since late 2013. Some of this activity is speculation-driven, and some could serve to evade capital controls. While the cross-border flows resulting from China’s activity in cryptocurrency markets appear very modest in relation to other channels, regulations and capital controls do not appear to be significantly restricting trading activity.

Posted August 1, 2017
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