Wednesday, November 1, 2017

Monetary extension chord

Commies made coin exchanges illegal in China.  So, move the exchanges to Japan and fire up the over the counter market for Chinese customers.  Chines customers can use P2P (over the counter), to trade into the Japanese exchanges at market value.
Huobi has recently launched its P2P trading platform, Huobi Pro. Okex, the international counterpart to the no longer operating Okcoin, has announced the launch of a P2P trading platform. The platform will accept a number of fiat currencies, including CNY. Both Okcoin and Huobi responded to China’s crackdown by relocating much of their operations to outside of China and launching P2P trading platforms via international affiliate companies. The move appears to be intended as a means through which the companies can continue servicing the Chinese cryptocurrency markets whilst evading recourse from China’s regulators.

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