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Jefferies: China’s Crypto Crackdown Is Only to Avoid Competition to Digital Reminbi

Jefferies global head of equity strategy Christopher Woods recently published a research note talking about the recent regulatory action and China’s crackdown on cryptocurrencies. Wood said that amid the Chinese crackdown on crypto is more concerned with nullifying the competition to its own CBDC – Digital Renminbi – rather than the carbon footprint measures. “Certainly,

Jefferies global head of equity strategy Christopher Woods recently published a research note talking about the recent regulatory action and China’s crackdown on cryptocurrencies. Wood said that amid the Chinese crackdown on crypto is more concerned with nullifying the competition to its own CBDC – Digital Renminbi – rather than the carbon footprint measures. “Certainly,

Altcoin News
Altcoin News

Today In Crypto: Coinbase Files for An IPO | Central Banks Watch Bahamas Sand Dollar Going Live | Jefferies Equities Head Cuts Exposure in Gold to Invest In BTC

The cryptocurrency market continues to go strong after Thursday’s action-packed rally in Bitcoin (BTC) and Ethereum (ETH). As these two crypto giants are taking a momentary break and consolidating, XRP has taken the charge surging 5.7% trading at $0.59 at press time. Besides, there have been other interesting developments as institutional actions continue ahead. Here

The cryptocurrency market continues to go strong after Thursday’s action-packed rally in Bitcoin (BTC) and Ethereum (ETH). As these two crypto giants are taking a momentary break and consolidating, XRP has taken the charge surging 5.7% trading at $0.59 at press time. Besides, there have been other interesting developments as institutional actions continue ahead. Here