NEW YORK: Bitcoin fell below $15,000 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.
As much as I would like to be really bullish on Cryptos and Bitcoin, I think we will continue to see more financial regulators investigating Bitcoin and exchanges this year.