Nearly 10% of transactions tied to arbitrage trading linked with digital currency
TOKYO — Crypto-linked trading of carbon credits has spread to the extent that it now accounts for 9% of all transactions, a Nikkei investigation shows, a trend that risks muddying and distorting a market-based solution for environmental accountability.
Cryptocurrencies originally did not come with underlying assets that guarantee their values, but new crypto-assets pegged to fiat currency or gold are being floated extensively.
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