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NewsBTC 2019-08-14 14:00:31

Falling Renminbi Serious Use Case for Bitcoin: DBS Chief Economist

A weakening Chinese Yuan (Renminbi) is helping to fuel the bullish sentiment of bitcoin, according to Taimur Baig of DBS’ Singapore unit. The chief economist told Financial Times that the recent run-up in the bitcoin price took place after the People’s Bank of China (PBoC) forced the value of the renminbi below $0.14 for the...The post Falling Renminbi Serious Use Case for Bitcoin: DBS Chief Economist appeared first on NewsBTC.

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