A former Chinese central bank advisor was denied transferring $20,000 abroad to pay for a vacation. Could increasing capital controls in China be driving Bitcoin price? Chinese Capital Outflow Controls Are ‘Extreme’ Yu Yongding is a former advisor to the People’s Bank of China. He just tried to transfer $20,000 USD out of China to fund a visit to relatives living abroad. He was denied on the grounds that he was ‘too old’. That’s actuallyRead MoreThe post Are Chinese Capital Controls What’s Pushing Up Bitcoin Price? appeared first on Bitcoinist.com.
