US crime warning causes bitcoin fall

US crime warning causes bitcoin fall

Bitcoin (virtual currency) coins placed on US dollar banknotes. (Reuters file photo)
Bitcoin (virtual currency) coins placed on US dollar banknotes. (Reuters file photo)

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

At 1:07pm (1.07am Thursday, Thailand time), the world's biggest and best-known digital currency was down 7.53% 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.

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