Bitcoin drops again. This time it's down 7% against the dollar, while the rivals Ethereum and Ripple are down at 5.5% and 12%. Bitcoin is currently trading at $ 10,570.
The reason seems to be clear: Coincheck, one of Japan's largest bitcoin exchanges, has suddenly stopped allowing customers to withdraw their money and stop Bitcoin trading. There is also frozen trade in NEM cryptocurrency, which is consequently down 16.5%.
The Tokyo-based exchange announced its moves in a blog post without explaining its reasons.
According to Bloomberg, Coincheck does not have a license from the Japanese financial regulator, but is nonetheless one of the country’s most popular cryptocurrency exchanges.
Meanwhile, if that wasn’t enough to make cryptocurrency investors nervous, the U.S. Treasury’s undersecretary for terrorism and financial intelligence has reportedly been telling banks and financial regulators across Asia that they need to do more to introduce oversight of cryptocurrency activities.
According to The Washington Post, Sigal Mandelker said “we need to have this kind of regulation all over the world.”
Read more: fortune.com
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