Capital controls in China are strict. It’s easy to bring money into the country, but getting it out (to invest or spend) is more difficult. That means there are are plenty of wealthy Chinese citizens and residents looking to move their money around the world with greater freedom. Kapron explained:
China’s huge population is cash-heavy yet increasingly wired, he said. Domestic investment options are limited to stocks, property, and more property.
Why China is Leading the Global Rise of Bitcoin.