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"The rapid and continuous growth of cryptographic assets could create new vulnerabilities in the international financial system," said the International Monetary Fund in a recent report.
Many cryptocurrency enthusiasts were hoping that the year 2018 would be a year in which regulators would seize the idea of professionalizing the trading of digital assets via new financial products such as the exchange-traded funds. But the US Securities and Exchange Commission has rejected several ETFs, including a much-anticipated ETF planned by the Winklevoss twins. Other countries, including China, have criticized cryptocurrencies a great deal.
At the same time, the year was marked by high-level piracy of cryptocurrency trades as well as a number of scams related to people doing so-called coin deals.
All of these factors have made that Bitcoin, XRP and Ethereum have not regained the unprecedented highs recorded towards the end of the year 2017 and the beginning of this year. Thursday, bitcoin was a reduction of more than 68% on its record of $ 19 783.21, reached on December 17 last.
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