[JohnnyB]

Bitcoins are very appealing here in China just for the ability to move money out of the country freely. China is very tight on restricting the removal of currency either by Chinese or by foreigners. Bitcoins allow a nice way to bypass the laws that govern the banks. Whereas to move money out of the country through wire transfer I would need to take my passport to the bank, get all sorts of forms stamped and be subject to a restriction on the amount of money I could move each month. With a btcchina I could take all the currency I have in the country and have it changed over to bitcoins within 10 minutes, have those bitcoins in my wallet in another 10 minutes and take them where I like without regulation. I'm sure that's not only appealing to me. There are a lot of people who want their money out of China.