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00:00ADDED ROBINSON, THIS FEELS THEY. DOING ALL -- ED ROBINSON, THIS FEELS A. BIG. REPORTER: I WOULD POINT OUT THE AGENCY INVOLVED, THE DOJ, THE TRADING COMMISSION -- THIS IS NOT COMING FROM THE EXTERIOR THE -- SECURITY EXCHANGE COMMISSION, WHICH IS ALREADY INVESTIGATING FRAUD. YOU HAVE THE TWO CAPITAL MARKET AGENCIES BOTH INVESTIGATING THESE PROCESSES. WHEN IT COMES TO THE JUSTICE PROBE, THEY ARE LOOKING AT THE TRADITIONAL FRAUD WE HAVE SEEN IN THE STOCK MARKET. YOU ARE SEEING SPOOFING, WASH TRADE, ALL OF THOSE MANIPULATIVE TRICKS THAT STOCK FRAUDSTERS LIKE TO REDUCE THE PRICE. THAT IS VERY INTERESTING. GUY: HOW MUCH JURISDICTION DO THEY HAVE? REPORTER: ANY TRANSACTION THAT TAKES PLACE IN THE U.S. THAT IS A BIG REASON WHY EXCHANGES SAY, LIKE MANY IN LONDON, AND ARE ASKING TO BE REGULATED BY THE FINANCIAL CONDUCT AUTHORITY -- THEY STILL WILL NOT ACCEPT BUSINESS FROM ANYONE IN THE U.S. BECAUSE THEY DO NOT WANT TO TANGLE WITH WASHINGTON IN ANY WAY, SHAPE OR FORM. GUY: DOES IT A LOT THE ARGUMENT

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Bitcoin Price Manipulation Said to Be Focus of U.S. Probe

The U.S. Justice Department is said to have opened a criminal probe into price manipulation of Bitcoin. Bloomberg's Ed Robinson reports on "Bloomberg Surveillance." (Source: Bloomberg)

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