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Crypto Assets Of $50B Moves From China In The Past Year
Summary: According to Bloomberg, about $50 billion in cryptocurrency assets have left China in the past year, a possible indication that investors are dodging rules that limit how much capital they’re allowed to transfer from the nation, according to new research by blockchain forensics firm Chainalysis. The controversial cryptocurrency Tether accounted for more than $18 billion ...
According to Bloomberg, about $50 billion in cryptocurrency assets have left China in the past year, a possible indication that investors are dodging rules that limit how much capital they’re allowed to transfer from the nation, according to new research by blockchain forensics firm Chainalysis.
The controversial cryptocurrency Tether accounted for more than $18 billion of the outflows from East Asia in the period, the firm said in a report. Tether, a so-called stablecoin because its value is pegged to the U.S. dollar, accounts for 93% of stablecoin use in the region.
Tags: China,Stablecoin
Link: Crypto Assets Of $50B Moves From China In The Past Year [Copy]
