BUSINESS NEWS - Bitcoin fell below $15,000 (approximately R185,000) on Monday after South Korea’s financial regulator said it and other agencies are inspecting six local banks that offer digital currency accounts to institutions.
Bitcoin, the world’s biggest virtual currency by market value, was last down 7.57 pct at $14,902.99 on the Luxembourg-based Bitstamp exchange.
Last week, the US Securities and Exchange Commission warned that investors should “exercise caution” with cryptocurrencies like bitcoin, noting state and federal regulators may not be able to recoup any lost investments from illegal actors.
Bitcoin drops below $15,000
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Bitcoin fell below $15,000 (approximately R185,000) on Monday.
Posted on: 09:16 Tue, 09 January 2018
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