Send BTC to CNY with Bitwala in one day Sending Chinese Yuan to China using Bitcoin at the fastest speed and the lowest price with Bitwala Easiest, fastest and most convenient Bitwala offers streamlined services and making a transfer only takes a few taps on your smartphone or clicks on your mouse.Money transfers to China are completed within 1 business day using real, mid-market exchange rates and a very low 0.5% or 1 EUR minimum fee.More information on our fees can be found here.Sign Up Remittances to China Data from Pew Research Center shows that $64 billion in remittances was sent to China from other countries in 2015.Flow of remittances to China has increased over the years following the growing number of overseas Chinese workers.The country is the world’s fourth largest source of immigrants.As like many other countries, the U.S.tops the list as primary source with $16,3 billion in remittance sent back to China.Hong Kong trails behind in second place with $15.6 billion sent to the giant economy while Japan sits in third, with $4.2 billion.

Source: Pew Research Center, 2016.World Bank, 2016 Get better value with the best rates Bitwala has long waved goodbye to hidden fees and charge a fair commission instead.We always display the current Bitcoin Exchange Rates of the best bitcoin payment providers on the market.These rates are real-time market rate and are updated by the minute.Those exact rates are then directly passed on to you, ensuring no changes and hidden fees.Send BTC to CNY with Bitwala Sending Chinese Yuan at the lowest price and fastest speed is super easy.Let us show you how: Sign up at Bitwala.If you already have an account, simply log into Bitwala.Verify for Level 2 to unlock a monthly limit of 2,000€.Want a higher limit?Get in touch with our support team to unlock a limit of 50,000€ each month.Select Chinese Yuan then enter the recipient details and amount.Our invoice will pop up at check out where you can pay in bitcoins.Once the invoice is paid, you can check the status of your payment on your dashboard.

Ready for the most affordable way to send Chinese Yuan to China?Send Money Now By Andrea||Announcements, Uncategorized|_ Here's how it works: Anybody can ask a question Anybody can answer The best answers are voted up and rise to the top up vote 1 down vote favorite I know a Chinese citizens have a limit of 50 thousand dollars they can send abroad, yearly.bitcoin celebrated as way to avoid taxesI was wondering if it is possible to buy bitcoins in an exchange like btcchina and then sell them back in another exchange like bitstamp to receive cash in an European bank account.bitcoin faucet for coinbaseIf it is possible, is there a limit ?ethereum sample application

Any regulation problem ?Sorry if it has been answered already, but I couldn't find this specific thread.exchanges Your Answer Sign up or log in Sign up using Google Sign up using Email and Password Post as a guest Name Email discard By posting your answer, you agree to the privacy policy and terms of service.Browse other questions tagged exchanges or ask your own question.bitcoin paper trailOffshore Yuan Nears Record Low Bitcoin rose to an almost three-month high amid a surge in volume as the yuan extended a six-year low, bolstering Chinese demand for alternative assets.The cryptocurrency jumped as much as 4 percent from Friday to $655.50, the highest since July 29, according to data compiled by Bloomberg.bitcoin billionaire pc game showed.Bitcoin’s gains are coinciding with a new bout of currency weakness in China, which accounts for about 90 percent of trading.litecoin on nvidia

The digital asset allows Chinese people, who face capital controls that limit the amount of cash they can move abroad, to invest in another currency.Bitcoin’s value is now close to recovering from a plunge in early August that was triggered by the hacking of Hong Kong-based exchange Bitfinex.“As the yuan enters a path of depreciation, investors will consider investing in assets that can preserve value and hedge risks," said Zhu Jiawei, Beijing-based chief operating officer at Huobi, one of the largest Chinese bitcoin exchanges.The yuan’s declines accelerated this month as the dollar surged amid mounting expectations for a U.S.interest-rate increase by year-end.China has made it harder to take money overseas since August 2015’s devaluation as it sought to stem a vicious cycle where outflows fueled further depreciation.Bitcoin skyrocketed 80 percent from the end of 2015 to reach a 2 1/2-year high of $777.01 on June 17 amid faster yuan declines and expectations for a fall in bitcoin supply in July.

Bitcoin was trading at 4,488.6 yuan on Monday on Huobi, amounting to a premium of about 2 percent compared with its dollar price.The gap may widen further as stricter capital controls have made it harder for traders to arbitrage the difference, said Arthur Hayes, Hong Kong-based founder of bitcoin exchange BitMEX.He expects bitcoin to strengthen to $1,000 by January as the yuan falls to 7 against the greenback, he said.China’s exchange rate dropped 0.1 percent Monday to 6.7723."Thecontinued devaluation of the Chinese yuan is what’s driving traders at the margin to buy bitcoin," Hayes said.BitcoinHow a China Crackdown Caused Bitcoin’s Price to PlungeGeoffrey SmithThe value of the cryptocurrency bitcoin is melting down Thursday, having dropped 20% against the dollar by midday Eastern Time in only two hours of frantic trading.The move reversed an almost equally feverish rise in recent days that had appeared to be driven by concerns that China will introduce new measures to stop its citizens moving money out of the country.

China accounts for over 90% of reported bitcoin trades and around 70% of bitcoin "mining" (the production of new bitcoins through the building of blockchain that makes up the currency's infrastructure).So it's unlikely that the source of recent volatility lies anywhere else.While it's impossible to pin down the exact source and motive for the bitcoin rally, there are plenty of signs that what's going on with bitcoin is, ultimately, driven by what's going on with China's official currency, the renminbi (also known as the yuan).The renminbi has fallen sharply since November but rallied over the last two days thanks to a brutal short squeeze engineered by China's central bank to put a bit of fear into speculators.RelatedFortune 500Hackers Leaked ‘Orange Is the New Black’ Despite Receiving $50,000 RansomFortune 500Hackers Leaked ‘Orange Is the New Black’ Despite Receiving $50,000 RansomAfter nearly touching 7 to the dollar on Monday, the renminbi rallied over 2.5% Thursday to reach 6.81 in the offshore Hong Kong market.

That abrupt reversal was magnified many times over in a bitcoin market that doesn't have anything like the same liquidity or transparency as the market for official currencies.By anyone's reckoning, bitcoin was, as the analysts say, "due a correction."It had risen by 45% against the dollar since Dec.21, and by an eye-watering 521% since September 2015.Those moves are all the more striking because the dollar has strengthened against virtually every other national currency in the world in that time.The question was, what would trigger the correction?The answer appears to have been a series of nudges and winks from the authorities about the introduction of new capital controls to slow the renminbi's decline.Over the new year, the People's Bank of China, China's central bank, said that banks will be required to notify it of all cash transactions over 50,000 yuan ($7,100), down from a current ceiling of 200,000 yuan.It said the move was merely aimed at improving the monitoring of money-laundering and tax fraud.

Meanwhile, the State Administration for Foreign Exchange (SAFE) imposed onerous new reporting requirements requiring people to explain why, where and how they intend to use their annual quota of foreign currency (which is capped at $50,000 per person).While Beijing has allowed the renminbi to weaken over the last 18 months, it doesn't want a disorderly rout that would both trigger panic at home and invite fresh accusations of currency manipulation from the new U.S.President.The fact is, such manipulating as Beijing has done over the last 18 months has been to support the renminbi rather than weaken it.Capital outflows from China in the first 10 months of 2016 rocketed to an estimated $530 billion, while the country's stash of foreign reserves has fallen nearly 25% from a peak of just under $4 trillion in early 2014.Analysts estimate that the PBOC spent over $34 billion in November alone to prop up the currency, and figures expected next week from SAFE are expected to show reserves dropping below $3 trillion for the first time since 2011.Chinese bets against the renminbi have snowballed since Beijing let it fall by 2% against the dollar in August 2015, the first revaluation in years.