UK Markets closed

Posh London townhouse on market for £1.65 million - or 500 BITCOINS

A house has been put on the market in Peckham, London, with the owner willing to accept payment in bitcoin in what is thought to be a UK first.

The currency, which was launched in 2009 and is free from government control, has come under scrutiny due to its use among drug dealers and criminals, while North Korea is understood to be using it to bypass trade sanctions.

Around 12 months ago, a single bitcoin was worth £500. It has now risen to £2,928.

The move comes shortly after underwear tycoon and Tory peer Michelle Mone revealed she is accepting bitcoin for the flats in a Dubai apartment block she had helped develop with partner Doug Barrowman.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting