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Bitcoin tumbles 9% after Japan watchdog orders exchanges to beef up practices against money laundering

June 22, 2018

Via: CNBC
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Bitcoin prices fell roughly 9 percent Friday after Japan’s financial regulator ordered several cryptocurrency exchanges to improve their practices against money laundering.

The digital currency was trading at $6,150, according to CoinDesk, breaking below $6,400 for the first time in about a week.

The order from Japan’s Financial Services Agency led bitFlyer — the country’s largest crypto exchange — to suspend the creation of new accounts while it makes improvements, especially in its measures to stop money laundering and terrorist financing.

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