The Capital
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The Capital

Could Crypto’s Recovery Come from a Crash in China’s Yuan?

Decades of decay look set to culminate in the probable devaluation of the Chinese yuan. Just as ordinary Chinese were quick to circumvent strict capital controls with cryptocurrencies, they may do so again to combat a rapidly devaluing yuan.

People’s Bank of China branch was intimidating for withdrawals. (Photo by Ling Tang on Unsplash)

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Patrick Tan

Patrick Tan

3.3K Followers

CEO & General Counsel of Novum Alpha, a quantitative digital asset firm catering to accredited and institutional investors.