"Liquidity controls" meaning what? Preventing Chinese from buying non-Chinese products+services with yuan? Or from moving USD out of China?
If yuan are hard to spend, due to legal constraints, I don't imagine a non-Chines is willing to sell BTC for yuan.
How would a Chinese use BTC in this way? Buy BTC from someone willing to accept yuan; spend the BTC on .... foreign goods mailed to China? Foreign assets, to "park" the value for a while ?
If yuan are hard to spend, due to legal constraints, I don't imagine a non-Chines is willing to sell BTC for yuan.
How would a Chinese use BTC in this way? Buy BTC from someone willing to accept yuan; spend the BTC on .... foreign goods mailed to China? Foreign assets, to "park" the value for a while ?