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
Carbon credits targeted by crypto speculators, fueling green bubble
Nearly 10% of transactions tied to arbitrage trading linked with digital currency
Speculators are pocketing the difference between the carbon credit's actual value and a digital currency backed by carbon assets.
Read Next
Latest on Cryptocurrencies
