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Fears of regulation lead to cryptocurrency chaos

FT News Briefing

Is the Chinese Central Bank in Control of Cryptocurrency Markets?

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Crypto currency markets, as we've all learnt in its development over the past decade, a pretty volatile place. The market has been drifting lower quite steadily of last few weeks. And on wednesday, it all seems to crack. I think more more than anything else, there weren't any concrete steps that the chinese central bank would take. It's sometimes, it's a little bit like a of a flock of birds that you see f a sudden change direction.

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