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Chairman of the Nem Company: manipulation of electronic currency prices is inevitable

2018-02-14 10:34 am | Resource: News Section | No Views : 194

Chairman of the Nem Company: manipulation of electronic currency prices is inevitable "We can not avoid the manipulation of prices in electronic currencies," the head of the NEM company, Lon Wong, said. "It's nothing new, it's happening in major markets," he said.
This came in response to the New York Times report last January, which discussed the volatility of the digital currency market, noting that a large number of investors expressed concern about the price of bitcoin and other virtual currencies.
Wong said in his comments on Tuesday that e-currencies are still in a growing stage, and price volatility is inevitable. The company focuses on developing and strengthening the technology rather than on the currency.
He pointed out that regulators are working on the development of regulations for electronic currency, many of them do not have sufficient experience to consider how to regulate those currencies, especially in exchanges, so all regulators must unite all over the world to reach the next step in the codification of virtual currencies.
The Nem currency was stolen in Japan last January, when Quinchik stole about $ 534 million of Nem currency, which led to a fall of 11 per cent in the currency market and 24 hours to 87 cents. Its current $ 5 billion.

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