Carney warns of global clampdown on Bitcoin

Price moves have been 'remarkable'

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Mark Carney, governor of the Bank of England
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Mark Carney, governor of the Bank of England

Bank of England Governor Mark Carney has said regulators around the world will start examining digital currencies, such as Bitcoin, as bubble concerns grow.

Carney (pictured) said Bitcoin and other cryptocurrencies will come under the scrutiny of global regulators, shortly after America's largest digital currency exchange said it would be investigating potential insider trading, according to The Times. The governor said the "scale of growth" of Bitcoin over the past year would prompt regulators to scrutinise digital currencies, amid concerns about a speculative bubble. The value of Bitcoin, the world's most popular digital currency, has shot up from just under $1,000 at the start of the year to almost $20,000. Carney described price mo...

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