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China Wants to Protect the Yuan, Says Prasd

Sep.24 — Cornell University academic, Eswar Prasad, who once led the International Monetary Fund’s China team, says China is just trying to protect the Yuan by banning all crypto transactions in the country. He’s on “Balance of Power.”

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Sep.24 — Cornell University academic, Eswar Prasad, who once led the International Monetary Fund’s China team, says China is just trying to protect the Yuan by banning all crypto transactions in the country. He’s on “Balance of Power.”

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20 Comments

20 Comments

  1. Marcie Torreance

    September 24, 2021 at 8:09 pm

    they want to control there citizens!!! Hello??

  2. Marcie Torreance

    September 24, 2021 at 8:12 pm

    They are going to be Web 4.0!!! They are the future!!!

  3. Duran

    September 24, 2021 at 8:17 pm

    This is a Proffesor????‍♂️what an ignorant ????????

    • Andrés Prato

      September 24, 2021 at 8:53 pm

      i agree,

    • G O

      September 25, 2021 at 4:49 am

      hi guys will he tell the customer who buys his book to invest in xrp token? whats your guys guess?

  4. Donald Harlan

    September 24, 2021 at 8:23 pm

    A China Crypro crackdown does not mean that they are banning Bitcoin from Country, just that you criminals who conduct illegal transactions and spread fake coins. ????

  5. Joel Bondurant

    September 24, 2021 at 9:09 pm

    Bitcoin > Terrorist Tokens

  6. Barnett

    September 24, 2021 at 9:23 pm

    This is the kind of education that your $500k tuition is paying for. The world is shifting beneath our feet, yet anything that doesn’t comply with your 1970s era education is just blown off as speculation.

  7. Mike

    September 24, 2021 at 9:44 pm

    Keeping their system closed means they lose to the US long term.

    • Jeff Potter

      September 24, 2021 at 11:09 pm

      Crypto is not the economy

    • Mike

      September 24, 2021 at 11:29 pm

      @Jeff Potter They are closed and closing off more in many ways.

  8. Nar rator

    September 24, 2021 at 9:57 pm

    Chinese communist party wants to maintain control over their society it’s that simple it’s not about protection of the people it’s about furthering the power of the Chinese communist party wake up

  9. Nar rator

    September 24, 2021 at 9:59 pm

    The smart Chinese people are going to hold onto their cryptocurrency’s even if it’s done illegally you cannot trust the Chinese communist party everything they do is basically evil

  10. R SY

    September 24, 2021 at 11:41 pm

    Thank you ProfPrasd, this is the most informative interview about the latest regulation

    • Piichuシ

      September 25, 2021 at 1:24 am

      Yes, but does he really understand cryptos?

  11. G O

    September 25, 2021 at 4:43 am

    hi host and guest. Ripple + XRP token = “move all of the Money”

  12. Temime Graham

    September 25, 2021 at 6:04 am

    Crypto is a scam, please banned it.

  13. Jamel White

    September 25, 2021 at 10:35 am

    Hmmm. So he’s basically saying the print & press machines printed out so much money that there’s really no accountability for manipulated funds that China doesn’t really want used in its region….. Ahhhhhh, now I get it,.,

  14. I Blogger

    September 25, 2021 at 6:59 pm

    This is like the 10th time China banned Bitcoin. They ban it every year since like 2011. It’s just a market manipulation technic they use to buy low.

  15. Kwame

    September 25, 2021 at 8:37 pm

    The lightning network enter the chat. ????

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Elon Musk’s SpaceX successfully launched its Starship rocket from Texas. It reached space a few minutes later and deployed 20 dummy Starlink satellites. The closely watched flight is a key demonstration of upgrades from previously launched Starship prototypes, including increasing the rocket’s power and capability.
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Bloomberg’s Ed Ludlow breaks down what comes next after a critical Starship launch was scrubbed, and he discusses what that means for the space company’s planned mega IPO with a SpaceX alumni and an early investor. Plus, an exclusive conversation with Lenovo CFO Winston Cheng after the world-leading PC maker soars post-earnings on strong AI growth.

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Shares of Lenovo soared in Hong Kong trading Friday after the company reported strong growth in AI-related earnings, offsetting challenges from rising component prices. Winston Cheng, CFO of Lenovo, joins Ed Ludlow on “Bloomberg Tech.”
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