Bitcoin price CRASH: Bitcoin falls 9% to LOWEST LEVEL in months

  • The digital currency hit a four-month low of $6,092.38 and broke below $6,400 for the first time in about a week.
  • The order led bitFlyer — the largest crypto exchange in Japan — to suspend the creation of new accounts while it makes changes.
  • The agency gave the same order to five other exchanges after finding weaknesses in their controls against money laundering.

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 fell to $6,081, breaking below $6,400 for the first time in about a week and reaching its lowest level since February 6, according to CoinDesk.

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…

Continue reading at CNBC.com

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