Bitcoin smashed through the $5,000 barrier for the first time ever on 12 October, jumping as much as 7 percent to chalk up its biggest daily rise in over two weeks.
Bitcoin, the original and still the biggest cryptocurrency, has been on a tear recently, rallying nearly 75 percent in barely a month. It has chalked up a more than fivefold increase in price since the start of the year.
Later the authorities accepted the globally booming market of crypto-currencies but want to either control the turnover or to limit access to the market.
Speaking at a conference on financial market derivatives, Shvetsov said the central bank sees rising interest in crypto-currencies because of high returns from buying into such instruments.
With inputs from Reuters
Published Date: Oct 12, 2017 06:53 pm | Updated Date: Oct 12, 2017 06:53 pm