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The Importance of Cryptocurrency in China

Renn: There's $2 billion of Bitcoin collateral posted to just lend on Tron. He says it gives him questions about where that money is going. If I had to guess what's really happening on Tron and given its involvement with Justin Sun, it's probably deep timing way for people living in China to escape the capital control. Renn: A lot of wills in China, especially during COVID, didn't have as much confidence in the Chinese economy or government perhaps cracking down very heavily on crypto.

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