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Investors should avoid 'deadly' bitcoin, Danish central bank governor says


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Investors should avoid 'deadly' bitcoin, Danish central bank governor says

Danmarks Nationalbank Governor Lars Rohde warned investors to "stay away" from "deadly" bitcoin, Reuters reported Dec. 18, citing an interview of Rohde with state broadcaster DR.

The central bank head said bitcoin is not a regulated market and that it is the "responsibility of the individual," and not of authorities. He also said potential investors in the cryptocurrency should not complain to financial regulators should things go awry.

The price of bitcoin has risen over 1,800% since the start of 2017, the newswire noted, adding that the launch of futures trading in the cryptocurrency has sparked debates about its place in the financial system.

The Danish central bank said in the week of Dec. 11 that introducing a digital version of the Danish kroner would not improve payment solutions and would raise risks to financial stability.