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Transcripts for BBCNEWS World Business Report 20240604 04:32:00

for those in the crypto world, these are dark days. it going, best known cryptocurrency, is down a few % from its november peak, part of a market way that has wiped out more than $1.5 trillion from the overall market. terra, which is meant to trade at parity with us dollar, is significantly below and kevin mclean has completely collapsed, by that it means it has gone to almost zero. many small investors piled into crypto as the market boomed, but now the tide has turned. 1 will say that at this time the market for such stable queens and crypto more generally, is too small to pose a systemic risk to the traditional financial system, risk to the traditional financialsystem, if risk to the traditional financial system, if we were having this thomas aiken two or three years from now in the future and crypto or stablecoins made up a much greater portion of economic activity in the world, a precipitous drop or the implosion of a stablecoins

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