Since the beginning of the year, the digital currency has fallen by about 50% (below $ 7,000) on Friday morning in Asia. Less than four months ago, it cost about $ 20,000.
In Japan, two virtual currency exchanges closed this week amid growing monitoring by the watchdog operator of the country’s financial services. Trading platforms, Mr Exchange and Tokyo Gateway, both could not obtain a license from the Japan Financial Services Agency.
So, why should not I buy bitcoin?
This year, bitcoin has faced a number of other setbacks. Earlier this week, Twitter (TWTR) announced that advertising, tied to cryptoconversion, will no longer work. Both Facebook (FB) and Google (GOOGL) have announced similar prohibitions on advertising, including for initial proposals on coins, a method of raising funds using crypto-conversions.
Things you need to know about the Crypto-currency in the tax time:
The US Securities and Exchange Commission is trying to curb the crypto-currency trade in recent months, saying that investors should buy and sell them only on registered exchanges.
In early February, bitcoin fell below $ 7,000, and then this month raised more than $ 11,000. By evening on Friday in Asia, he had recovered some of his earlier losses.