Former JPMorgan Quant On Evading Chinese Capital Controls Via Bitcoin
Authored by Stephen Punwasi via BetterDwelling.com,
Mainland Chinese buyers have become a dominant force in real estate markets across the world. The Chinese government crackdown on outflows earlier this year severely throttled that money.
While this money has been throttled, it’s still appearing in certain markets, most notably the United States.
We wanted to know how exactly this is still happens, so we connected with Dr. Joseph Wang – a Bitcoin and Chinese capital outflow expert.