![](https://images.treasuryandrisk.com/cdn-cgi/image/format=auto,fit=contain/https:https://images.treasuryandrisk.com/contrib/content/uploads/sites/411/2018/06/061318_Bloomberg.png)
“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.
Copyright 2018 Bloomberg. All rightsreserved. This material may not be published, broadcast, rewritten,or redistributed.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.