The summer of crackdowns continued this week, making it seven weeks since the initial announcement on May 18 that virtual currencies were a risky investment and financial institutions should not provide services for them. The crackdown appears to be having a desired effect as public interest in the asset class is cooling. This is evident by 90-day lows on WeChat searches for the word ‘Bitcoin‘ over the past weekend, although this was a trend mirrored on worldwide Google (NASDAQ:GOOGL) searches as well.
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Source: Cryptocurrency - investing.com
