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...One of the officials, based in Shenzhen, said they now needed to take an additional step to register and explain purchases of foreign processors....
...Zhang Xiang, a car analyst with the World Digital Economy Forum, said that Shenzhen’s plans set an example for other local governments....
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...There were names and amounts lost, even if some people weren’t American, and some investors — who were supposed to sniff out dodgy companies — deserve only limited sympathy....
...“There is a growing cohort of investors who view bitcoin as digital gold — particularly younger investors....
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...“And we’re now in the aftermath of that . . . all of a sudden we’re mainstreaming the ideas around digital property and digital assets . . . So there’s always a silver lining somewhere.”...
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...“While the short selling ban is a government signal, it is only a band-aid with limited impact,” said Gary Ng, senior economist at Natixis....
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...But how companies present success can be misleading....
...While many Chinese investment firms sought to emulate Bridgewater’s success by tapping alternative asset classes such as commodities and derivatives, they had limited success....
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...The website also refers to an “Alba Developments” as the trading name for S Developments Limited, a company discussed by Burke and Wen in their WhatsApp messages as being the entity controlling Burke’s Scottish...
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