Why does our country not allow the existence of virtual currency trading platforms?
I have been pondering a question for a long time.
The country strictly controls foreign exchange every day, yet a group of people dealing with currencies can buy BTC here and then immediately convert it to USD to go abroad, and the country has no way to manage it.
Can something that poses a huge threat to foreign exchange control exist?
As everyone knows, the situation changed later.
On September 30, 2017, virtual currency trading was banned.
Some say that during this process, the country's foreign exchange did not decrease, so it had no impact.
When the volume is low, it does not have an impact, but once the volume increases, the BTC held domestically is sold abroad more, someone will inevitably have to buy BTC back from abroad. People abroad do not accept RMB. At this point, foreign exchange will come into play.
If you can't figure it out, just think about why the law stipulates that individuals can carry no more than 31.25 grams of gold when going abroad. Taking gold away doesn’t seem to affect foreign exchange either.
Friends who are confused and directionless in trading, leave a comment 1, this round of bull market will help you get ashore.
