Chinese industry body warns of risks associated with cryptocurrencies

China’s industry body, the National Committee of Experts on the Internet Financial Security Technology warned about the risks linked to the cryptocurrencies trading, in a statement released over the weekend.

Key Points:

The market value of virtual currencies including Bitcoin has risen 'notably' recently.

OTC trading has also increased.

Prices of virtual currencies are prone to drastic fluctuations from regulations, technological innovations, and speculative activities.