Cryptocurrencies
Bitcoin Approaches Year Low as Japan Cracks Down on Venues
- FSA calls for improved measures against money laundering
- Litecoin, Ethereum, Ripple are among major tokens sliding
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Bitcoin extended losses as it approached the lowest price for the year after Japanese regulators hit six of the country’s biggest cryptocurrency trading venues with business-improvement orders.
The biggest virtual currency fell as much as 10 percent to $6,045.31, testing the low for the year of $5,922 that was set on Feb. 6, according to prices compiled by Bloomberg. The MVIS CryptoCompare Digital Assets 10 Index tumbled as much as 11 percent.