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Bitcoin Falls on Fears of Regulatory Trouble for Big Crypto Exchange

  • Japan’s FSA warns Binance for operating without a license
  • Biggest cryptocurrency fell 4.5% after news first reported
Bloomberg business news

Bitcoin: What’s Coming in the Year Ahead

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A regulatory rebuke for one of the world’s largest cryptocurrency exchanges is giving Bitcoin investors the jitters.

Japan’s Financial Services Agency issued a warning to Binance for operating cryptocurrency exchange services with Japanese residents through the internet without a license in the country, according to a statement on the agency’s website. Bitcoin fell as much as 4.5 percent after the Nikkei first reported the warning on Thursday, and was down 0.2 percent at 9:31 a.m. in Hong Kong on Friday.