Bitcoin Is Falling Again. This Time is Because Of Japan

As big coin slides once again 7% against the USD rivals Ethereum and Ripple are down 5.5% and 12%. It is all due to Coincheck, one of Japan’s largest bitcoin exchanges. They have suddenly haulted their customers from withdraw their money and stopped Bitcoin trading.

The Tokyo-based exchange gave no reasons as to why they would make the move they made but some are speculating their decision because it does not have a license by the Japanese financial regulator.

Reports from The Washington Post, Sigal Mandelker said “we need to have this kind of regulation all over the world.” Urging regulation to start on all cryptocurrencies.

SOURCE ARTICLE: US Treasury official urges regulation of crypto currencies