The staggering growth of bitcoin and other decentralised digital currencies this year has led to increasing concerns over what the fallout could be if the bubble were to suddenly burst.
SINGAPORE/LONDON: Global financial regulators are beginning to warn the public against the risks of investing in a market that many feel is in a speculative bubble, with Singapore's central bank on Tuesday urging "extreme caution" about buying cryptocurrencies.
The staggering growth of bitcoin and other decentralised digital currencies this year – with the market swelling from around US$17bil (RM69.3bil) at the start of January to well over US$600bil (RM2.4tril) now – has led to increasing concerns over what the fallout could be if the bubble were to suddenly burst.
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