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.
"In order to maximise our efforts towards building a suitable service and improving on the issues identified, we have temporarily suspended account creation for new customers of our own volition.”