By Joanna Ossinger Trouble may be brewing in China over Bitcoin’s raucous and divisive rally as the nation moves forward with a world-leading effort to create a digital version of its currency.
This is because the eventual launch of the virtual yuan could disrupt cryptocurrency markets if Chinese officials tighten the regulations at the same time, according to Phillip Gillespie, chief executive of the crypto market maker and liquidity provider B2C2 Japan, who works primarily with institutional investors.
“Once a digital yuan is introduced, this will be one of the biggest risks in cryptocurrency,” said Gillespie, who previously worked in the currency markets for Goldman Sachs Group Inc., in a …
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