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Bitcoin falls after SEC warns of 'potentially unlawful' platforms
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=BTSP was 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
Our Standards:The Thomson Reuters Trust Principles.
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