Post
Topic
Board Press
[2015-12-30] Suspension Of Chinese Yuan FX Trading To Set Off Bitcoin Rally
by
jdebunt
on 30/12/2015, 09:25:04 UTC
If there was anyone left on this planet who thought there was nothing going on with the Chinese economy you might want to rethink that statement very soon. Over the past few months, the Chinese Yuan has been losing value, and things have taken a turn for the worse now that China suspended some foreign banks from FX trading. Capital outflows for the Chinese Yuan are getting out of hand, as investors are looking for a different safe haven.

http://bitcoinist.net/suspension-of-chinese-yuan-fx-trading-to-set-off-bitcoin-rally/