The list of international governments and financial institutions concerned about Bitcoin is growing. Bank of France issued a warning about the risks associated with the digital currency, including its volatility as of late. The valuation rose late last month to $1,000/Bitcoin. China also issued a warning against trading in Bitcoin. Canada’s so-called “Big 6 banks,” including Scotiabank and National Bank, have reportedly frozen or shut down accounts owned by Canadian companies that trade the digital currency and convert it to cash. The US government is also investigating the digital currency. Bitcoin is unregulated and not backed by any central bank or government. Governments’ other primary concerns include money laundering and the ability for individuals to use it to circumvent currency controls. (Financial Times)(Global News)(Reuters – 1)(Reuters – 2)
