BitCoin Plummets on Sec Warning


Bitcoin fell almost 9% to just under $10,000 after the Securities and Exchange Commission said that all so-called exchanges of cryptocurrencies should be registered with it. The SEC warned that it doesn't review trading protocols on platforms such as GDAX and Gemini, and that access to their services "may not be the same for all users." The statement follows reports that several platforms were subpoenaed last week for suspected violations of securities laws. Bitcoin has almost halved in value from its high in December of $20,000, as concerns mount over stepped-up regulation of trading, mining and initial coin offerings.

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