Not exact matches
China, for example, still imposes many
restrictions on foreign capital, and its
currency regime restricts companies from
trading in the yuan.
By using digital
currency instead of fiat, there is virtually no enforceable
restriction on who can open an account and
trade.
Child chains can enforce further rules
on transactions denominated in their token, such as permissioning, limiting which accounts are authorized to issue specific transaction types, in order to e.g. comply with KYC rules for a child chain pegged to a fiat
currency, or assets marketed to a jurisdiction imposing additional
restrictions on who can
trade them.
Pacific Rim economies may be intertwined, so they may experience recessions at the same time, may be characterized by high inflation, undeveloped financial services sectors, heavy reliance
on international
trade, frequent
currency fluctuations, devaluations, or
restrictions, political and social instability, and less efficient markets.
In addition, a liquid secondary market for particular options, whether
traded over-the-counter or
on an exchange, may be absent for reasons which include the following: there may be insufficient
trading interest in certain options;
restrictions may be imposed by an exchange
on opening transactions or closing transactions or both;
trading halts, suspensions or other
restrictions may be imposed with respect to particular classes or series of options or underlying securities or
currencies; unusual or unforeseen circumstances may interrupt normal operations
on an exchange; the facilities of an exchange or the Options Clearing Corporation may not at all times be adequate to handle current
trading value; or one or more exchanges could, for economic or other reasons, decide or be compelled at some future date to discontinue the
trading of options (or a particular class or series of options), in which event the secondary market
on that exchange (or in that class or series of options) would cease to exist, although outstanding options that had been issued by the Options Clearing Corporation as a result of
trades on that exchange would continue to be exercisable in accordance with their terms.
Worse, Bitcoin exchanges like Coinbase regularly impose
restrictions on how much digital
currency people can buy and sell, even during low
trading periods.
Such a move, if true, may further tighten the regulation in China regarding cryptocurrency activities, as by aiming at major exchanges, it may put
restrictions on how bitcoin and ether can be
traded for traditional
currency in the country.
-- Liquid market in the XBT / USD cross — No
restrictions on deposits and withdrawals of bitcoin and fiat
currencies — Reliable, real - time
trade prices and volume accessible via API — Publicly known ownership entity — Compliance with relevant regulations
Cryptocurrency
trading is one of several ways in which citizens have sought to evade these
restrictions, as these assets have no respect for borders and can be exchanged for a number of foreign fiat
currencies on offshore platforms.
Child chains can enforce further rules
on transactions denominated in their token, such as permissioning, limiting which accounts are authorized to issue specific transaction types, in order to e.g. comply with KYC rules for a child chain pegged to a fiat
currency, or assets marketed to a jurisdiction imposing additional
restrictions on who can
trade them.