“Beijing unveiled its latest set of capital controls according to which Chinese banks would be required to report all yuan-denominated cash transactions exceeding 50,000 yuan. Cross-border transfers more than 200,000 yuan by individuals would also be subject to the report process. Citizens faced draconian new currency exchange disclosure requirements, requiring foreign currency buyers to indicate how they plan to use the money and when they plan to spend it. Additionally, mainlanders would be restricted from using the FX proceeds to buy overseas property, securities, life insurance or other investment-style insurance products.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Land Rover of Redwood City, CA Sells First Land Rover for Bitcoin
Overstock.com First to Pass $1 Million in Bitcoin Payments
Critical OpenSSL bug allows attackers to impersonate any trusted server
Notices Drafted For Connecticut Owners of Newly ‘Illegal’ Firearms
Gun Owners Boycott a Huge Outdoors Show. Show Shuts Down.
Most Government Workers Could Be Replaced By Robots, New Study Finds
Ron Paul: Feds shouldn't 'interfere' with bitcoin
Ohio Announces Drivers License Database Facial Recognition
U.S. Intelligence: Syrian Government Didn’t Launch Chemical Weapons
Obama rodeo clown: People have lost their ability to laugh
Audio catches cops shouting ‘Burn this motherf*cker!’ during Dorner siege
Send Mail To Bradley Manning (And Any Other Patriot In A Federal Dungeon)
The World’s First Cashless Society Is Here - A Totalitarian’s Dream Come True
Hey Reader’s Digest: Your site has been attacking visitors for days
Glenn Greenwald: Are all telephone calls recorded and accessible to the US government?