A woman touches an ATM machine for digital currency Bitcoin in Hong Kong on December 18, 2017.
/ AFP / Anthony WALLACE
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Global financial regulators are beginning to warn the public against the risks of investing in a market that many feel is in a speculative bubble, with Singapore's central bank on Tuesday urging "extreme caution" about buying cryptocurrencies.Denmark's central bank on Monday said bitcoin investing was "deadly", warning the public to steer clear of it. It also said potential investors should not complain to financial regulators if things do go wrong.A large majority of the economists agreed that the market did not represent a threat to the stability of the financial system -- now or in the next couple of years -- as mainstream financial markets were isolated enough from bitcoin.European Union states and legislators agreed last week on stricter rules to prevent money laundering and terrorism financing on exchange platforms for bitcoin and other virtual currencies, but it has not moved to regulate the market beyond that.Japanese Finance Minister Taro Aso said on Tuesday that bitcoin had not been proven to be a credible currency and that he would watch its developments.
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