A number of central banks have responded to the rise of cryptocurrencies and the dwindling global use of cash by announcing plans for bank-backed digital units. — gopixa/IStock.com/AFP
Leading virtual currency bitcoin on Dec 16 traded above US$20,000 (RM81,030) for the first time following a sustained run higher in recent weeks.
Just 12 years old, bitcoin reached a record-high US$20,398.50 (RM82,644.52) before pulling back to US$20,145 (RM81,617.47), which was still an intra-day gain of nearly four percent.
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