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“The relative size of this user group raises questions,” SusanEustis, president of WinterGreen Research Inc., said in an email.“As cryptocurrency venues have come under growing scrutiny aroundthe world in recent months—amid a range of issues including thefts,market manipulation, and money laundering—the base of the bitcoinappeal has eroded.”Skeptics have remained vocal. Bitcoin got nolove from two of the world's wealthiest men, Bill Gates and WarrenBuffett, with the latter calling the currency "probably rat poisonsquared” last month.In China, the Communist Party-run People'sDaily reported on June 7 that the country will continue to crackdown on illegal fundraising and risks linked to Internet finance,quoting central bank officials. The nation's cleanup of initialcoin offerings (ICOs) and bitcoin exchanges has almost beencompleted, the newspaper said, citing Sun Hui, an official at theShanghai branch of the central bank.
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