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Cryptocurrency ‘arb’ returns in Asia amid 5-year low for yuan


The resurgence of cryptocurrency volumes, heavily backed by Chinese investors attempting to counter a weakening yuan, has re-opened possibilities for those with a higher risk tolerance to re-explore price differences between exchanges. “Without a tool to hedge against the weakening yuan, cryptocurrencies, which are nigh-impossible to regulate, will continue to see volumes [from Chinese investors],” said one source, who highlighted that…

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