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Financial Times/Joshua Oliver and Nkou Asgari/11-11-2020
“Zhao, founder of the world’s biggest digital asset exchange, said the full impact of the meltdown at rival crypto exchange FTX had yet to be felt. Speaking at a conference in Indonesia, he said the global financial crisis was ‘probably an accurate analogy’ to this week’s events.”
USAGOLD note: It is difficult to know at this juncture to what degree a 2008-style meltdown in the crypto sector, should it occur, would leak into the broader financial markets.
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