What are the potential implications of China pegging its currency for the cryptocurrency industry?

1 answers

• Dec 18, 2021 · 3 years ago
  As a leading cryptocurrency exchange, BYDFi believes that if China decides to peg its currency, it could have significant implications for the cryptocurrency industry. It could potentially lead to increased adoption of cryptocurrencies in China, as people may see them as a more stable store of value. However, it could also lead to increased regulation and control over cryptocurrencies, which could impact the operations of cryptocurrency exchanges and businesses in China. Overall, it's a situation that needs to be closely monitored by everyone in the industry.
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