Petcone continued its strong rally on Wednesday, hitting a record high of over $ 12.5K despite questions about the actual value of the coded currency and fears of a dangerous bubble that could lead to price collapse and thus inflict heavy losses on investors.
Petcone received support after the US regulator announced last week that it would allow CME and CBIO Global Markets to list futures contracts.
The move opens the door to more regulatory regulation but also facilitates the expansion of its adoption as futures and other derivatives will make it easier to trade the new asset class.
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The Central Bank of India issued a second warning this year on digital currencies and the potential risks of trading
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The currency rose ten times in value from less than $ 1,000 at the beginning of the year, attracting regulatory interest around the world, and Petrochemicals rose 7% to $ 12,500 on the Stuttgart-based Betstambam platform.
For the first time in January 2009, the first virtual currency release of the virtual home currency was a revolution in the world of online financial transactions. Many developers began to release more encoded currencies based on a decentralized system that did not require an intermediary. More than 10 currencies, in light of the increasing demand for them, which led to the expansion of the circulation of this type of currency, while taking advantage of fictitious gains for its holders in the recent period.
In many countries, central banks are concerned about the expansion of their citizens in digital currency trading.
The Central Bank of India issued a second warning this year on digital currencies and Pitcullin in particular, and the potential risks of trading.
The bank warned in a public notice on Tuesday that users, holders and currency traders, like Pitcairn, of the economic, financial, legal and security damage due to dealing with these currencies.
The bank stressed its refusal to license companies or any entity that manages digital currency schemes or deals with KFH, as was confirmed in a preliminary warning issued about 10 months ago.
The Central Bank of India has warned over the past years of adopting digital currency, but its latest notice included a warning for the first time against the initial offering of virtual currencies aimed at raising funds for companies.