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Economy

Asian central bankers on high alert over bitcoin frenzy

BOJ's Kuroda warns of the crypto's 'undoubtedly abnormal' rise

Bitcoin has almost topped $20,000. The cryptocurrency's meteoric rise this year has Asian central bankers worried.   © Reuters

TOKYO -- As bitcoin climbs 19 fold in under a year, central banks in Asia, where about 60% of the world's cryptocurrency trades take place, are increasingly uneasy about the virtual currency that is luring ordinary investors.

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