THE BITCOIN price tumbled by roughly nine percent after the cryptocurrency suffered another major blow with the recent attacks on South Korean exchanges Bithumb and CoinRail, two of South Asia’s biggest exchanges.
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.
Japan’s largest crypto exchange, bitFlyer, was given an order by Japan's Financial Services Agency to suspend the creation of new accounts while it makes improvements, especially in its measures to stop money laundering and terrorist financing.
bitFlyer said in a statement: “Our management and all employees are united in our understanding of how serious these issues are, as well as how serious we are in responding to them going forward.
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