Bitcoin Falls After SEC Warns Of 'Potentially Unlawful' Platforms

By Kitco News / March 07, 2018 / www.kitco.com / Article Link

NEW YORK (Reuters) - Bitcoin fell to a 1-1/2 week low on Wednesday after the U.S. Securities and Exchange Commission warned of “potentially unlawful” systems that trade crypto-currencies, which investors may use with an unearned sense of safety.

At 1:07 p.m. (1807 GMT), the world's biggest and best-known digital currency BTC=BTSPwas last down 7.53 percent at $9,924.03 on the Luxembourg-based Bitstamp exchange. It fell as low as $9,450 earlier Wednesday, which was the lowest since Feb. 26.

Reporting by Richard Leong; Editing by Dan Grebler

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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