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Bitcoin falls after SEC warns of 'potentially unlawful' platforms

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03/07/2018 | 07:28pm CEST
FILE PHOTO - Representation of the Bitcoin virtual currency standing on the PC motherboard is seen in this illustration picture

NEW YORK (Reuters) - Bitcoin fell to a 1-1/2 week low on Wednesday after the U.S. Securities and Exchange Commission warned of "potentially unlawful" systems that trade crypto-currencies, which investors may use with an unearned sense of safety.

At 1:07 p.m. (1807 GMT), the world's biggest and best-known digital currency was last down 7.53 percent at $9,924.03 on the Luxembourg-based Bitstamp exchange. It fell as low as $9,450 earlier Wednesday, which was the lowest since Feb. 26.

(Reporting by Richard Leong; Editing by Dan Grebler)

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