|
“The relative size of this user group raises questions,” Susan Eustis, president of WinterGreen Research Inc., said in an email. “As cryptocurrency venues have come under growing scrutiny around the world in recent months—amid a range of issues including thefts, market manipulation, and money laundering—the base of the bitcoin appeal has eroded.”Skeptics have remained vocal. Bitcoin got no love from two of the world's wealthiest men, Bill Gates and Warren Buffett, with the latter calling the currency "probably rat poison squared” last month.In China, the Communist Party-run People's Daily reported on June 7 that the country will continue to crack down on illegal fundraising and risks linked to Internet finance, quoting central bank officials. The nation's cleanup of initial coin offerings (ICOs) and bitcoin exchanges has almost been completed, the newspaper said, citing Sun Hui, an official at the Shanghai branch of the central bank.
Copyright 2018 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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 case 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
Already have an account? Sign In Now
*May exclude premium content© 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.