Bitcoin has tumbled after South Korea announced new rules for trading.
The cryptocurrency tumbled under $14,000 in the latest move lower in a volatile period of trading, and was at $13,695 at pixel time according to Coindesk bitcoin price index (BPI).
The South Korean government said it will ban anonymous accounts for trading cryptocurrencies and will push for powers to close exchanges if needed.
Read more: Is the bubble bursting already? Bitcoin plummets to $12,500
“The government had warned several times that virtual coins cannot play a role as actual currency and could result in high losses due to excessive volatility,” the government said.
Bitcoin had recovered from a crash over Christmas which had seen it plunge as low as just over $11,000 after hitting highs of nearly $20,000.
Bagikan Berita Ini
Related Posts :
Crest Nicholson share price plummets- WPP chairman under pressure to quit as Sorrell's departure raises questions
- Deutsche Boerse management under fire for failed merger and insider trading
- Gold’s place in a portfolio is limited - it's a financial teddy bear
- Premier Foods announced its yearly results with pre-tax profit up 74pc
0 Response to "South Korea crackdown sends bitcoin tumbling"
Post a Comment