Advertisement
UK markets closed

  • NIKKEI 225

    38,079.70
    +117.90 (+0.31%)
     

  • HANG SENG

    16,385.87
    +134.03 (+0.82%)
     

  • CRUDE OIL

    82.61
    -0.12 (-0.15%)
     

  • GOLD FUTURES

    2,394.30
    -3.70 (-0.15%)
     

  • DOW

    37,775.38
    +22.07 (+0.06%)
     

  • Bitcoin GBP

    51,106.45
    +1,559.31 (+3.15%)
     

  • CMC Crypto 200

    1,312.86
    +427.32 (+48.23%)
     

  • NASDAQ Composite

    15,601.50
    -81.87 (-0.52%)
     

  • UK FTSE All Share

    4,290.02
    +17.00 (+0.40%)
     
Money:

Best mortgage deals of the week

As possibility of multiple interest rate cuts dwindle here's what banks and building societies are offering

China central bank urges rational investment in bitcoin

Reuters
People walk past the headquarters of the People's Bank of China (PBOC), the central bank, as two paramilitary police officials patrol around it in Beijing November 20, 2013. REUTERS/Jason Lee/Files

BEIJING (Reuters) - China's institutional and individual investors should take a rational approach to investing in virtual currencies such as bitcoin, the central bank said on Friday.

Bitcoin prices had showed abnormal fluctuations, the Shanghai head office of the People's Bank of China (PBOC) said in a notice.

This prompted branch officials to meet representatives of a major bitcoin trading platform in China, BTCC.

They cautioned against potential risks in the platform's operations and asked it to carry out "self-inspection" according to the law, the bank said.

It stressed bitcoin is not a currency and cannot be circulated as a real currency in the market.

(Reporting by Yawen Chen and Kevin Yao; Editing by Clarence Fernandez)