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China Bitcoin Arbitrage Ends As Traders Work Around Capital Controls


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Bitcoins

Bitcoins created by enthusiast Mike Caldwell are seen in a photo illustration at his office in Sandy, Utah, September 17, 2013.

Credit: Reuters/Jim Urquhart

The price gap between bitcoins trading in Chinese yuan and those sold for other currencies has evaporated in recent days, highlighting the porous nature of China's capital controls.

From Reuters
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