[africanboy]

> China has capital controls and dual currencies to prevent these common scenarios

that's why you buy stuff in yuan and sell the stuff for dollars/euro or other currencies

BTW we are talking about criminal activities here (money laundering), of course there's a price to pay and that price usually is in the 20-40% range (I've checked CNY and CNH and they are being traded at very similar rates right now [1][2])

there's no need to buy hundreds of GPU to mine crypto to do what the OP intended to do

unless OP meant btc it's a cheaper and safer way to launder money, which is a good reason why people could think it's a scam

[1] https://www.bloomberg.com/quote/USDCNY:CUR

[2] https://www.bloomberg.com/quote/USDCNH:CUR