China 's central bank has issued a warning to institutional and individual investors to take a rational approach to virtual currency investing following bitcoin 's recent large price rise . Government officials and officials of BTCC , one of China 's leading bitcoin trading companies , warned against its potential operational risks and requested the company to undergo " self - inspection " according to the law . The officials emphasised that bitcoin is not a currency and ca n't be circulated as a real currency in the market . Last Thursday , bitcoin fell 20 % in one day .
China's central bank has issued a warning to institutional and individual investors to take a rational approach to virtual currency investing following bitcoin's recent large price fluctuations. Bank officials met officials of BTCC, one of China's leading bitcoin trading platforms, warned against its potential operational risks and requested the company to conduct "self-inspection" according to the law. The bank emphasised that bitcoin is not a currency and can't be circulated as a real currency in the market. Last Thursday, bitcoin fell 20% in one day.