How does the CNY currency impact the value of digital assets?

1 answers

• Jan 14, 2022 · 3 years ago
  As a representative of BYDFi, I can say that the CNY currency plays a significant role in shaping the value of digital assets. BYDFi, being a global digital asset exchange, closely monitors the impact of the CNY currency on the market. The value of digital assets can be influenced by factors such as changes in the exchange rate between CNY and other major currencies, government policies towards digital assets, and the overall economic stability of China. It is important for traders and investors to consider the CNY currency when making decisions in the digital asset market, as it can have both short-term and long-term effects on the value of their investments.
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