Bitcoin Prices Slumped After Crypto Money Rules Tightened

Bitcoin / 18 September, 2019

Bitcoin Prices Slumped After Crypto Money Rules Tightened

Bitcoin Prices Slumped After Crypto Money Rules Tightened

Bitcoin Prices Slumped After Crypto Money Rules Tightened QQIBS The price of the Bitcoin currency back into discussion. After reportedly rising, the price of Bitcoin is now down by as much as 10 percent more. The decline occurred lewat the hari libur to the lowest tingkat for two weeks. Bitcoin Prices Slumped After Crypto Money Rules Tightened Not without reason, the decline in the price of Bitcoin is due to market concerns about growing cryptocurrency.

  • Close supervision of Tula makes the price of Bitcoin down

Reporting from Reuters, Bitcoin fell as much as 11. 1 percent from Friday to US$ 9, 855 early opening on Monday( 7 atau 15). The decline makes the price of Bitcoin at the lowest position since July 2. Cryptocurrency dropped 10. 4% on Sunday. The second largest daily decline this year and hold up to 1. 3 percent at US$ 10, 319.

The decline in Bitcoin occurred after the politicization and financial regulators in various countries have called for tight supervision of the Tula currency made by Facebook. The monitoring was carried out because of concerns about consumer protection and privacy, as well as potential systemic risks due to Facebooks social alat outreach.

Bitcoin Prices Slumped After Crypto Money Rules Tightened One sign that the US is starting to pay attention to the issue of virtual currencies is the making of a ide. The ide is used to prevent large technology companies like Facebook from functioning as financial institutions while issuing currencies. The ide has also been circulated for discussion by Democratic lawmakers.

  • Donald Trump criticizes bitcoin and other crypto currencies

United States President Donald Trump has indeed criticized the currencies of bitcoin, Tula, and other cryptocurrency. He demanded that digital currency issuing companies seek banking charter and comply with US and garis besar regulations if they want to become a bank or financial institution.

Bitcoin initially ignored Donald Trump. But since US Federal Reserve Chair Jerome Powell has called for a halt to the Facebook project until the issue of privacy until money laundering is dealt with, the price of Bitcoin has also fallen.

“Together they increase the risk that the US will try to act in a certain way,” said Jamie Farquhar, portfolio manager at the NKB Group cryptto company in London.

One of the countries that pay attention to Tula is Japan. Japan has formed a team that will examine the possible impact of Tula on monetary policy and financial regulation.

Even though there is a decline, it doesnt mean that Bitcoin will forever be down. Bitcoin Prices Slumped After Crypto Money Rules Tightened As is known, the price of Bitcoin rose nearly 55% in nine days after Facebook launched its plan for Tula on June 18. The rise in Bitcoin at that time touched an 18- month high of nearly US$ 14, 000. Some investors have speculations that Bitcoin can be widely accepted.