Sentences with phrase «betting against the yuan»

Bitcoin's popularity could have also raised concerns from authorities that believe the cryptocurrency could «weaken the official control of the country's money supply,» because everyday investors have progressively bought into Bitcoin, betting against the yuan.

Not exact matches

WisdomTree's yuan ETF is heating up as investors start making bets China's currency is heading higher against the dollar for all kinds of reasons, the latest a couple of reports suggesting the Chinese government is ready to let its currency start rising again.

According to sources quoted by The Wall Street Journal, Chinese people were using bitcoin to bet against the value of the yuan and move money outside the country, and the authorities decided to issue the ban because the bitcoin market was creating «too much disorder.»