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by EveYoung 1727 days ago
How would crypto help with moving money out of a country if mining is banned?
2 comments

1. Find a place that takes RMB and gives you crypto. 2. Send crypto to your wallet or foreign exchange. 3. Abroad, sell crypto for non-RMB fiat currency.

No mining needed.

China can't ban 2 (or perhaps they could by putting the great firewall into overdrive) so they are banning 1.

You do not mining to exchange Yuan to crypto.