CRYPTO INSIDER: Bitcoin slides after reports of crackdown on the largest crypto exchange in the world

Welcome to Crypto Insider, Business Insider’s roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this email delivered direct to your inbox.

Bitcoin was trading lower Thursday amid fears that regulators in Japan might tell one cryptocurrency exchange to cease its operations in the country.

The digital currency fell approximately $US200 early Thursday morning around the time Bloomberg News and other publications reported that Japan’s Financial Services Agency (FSA) has been preparing to tell Binance, the largest cryptocurrency exchange in the world, to stop operating in the country without the necessary regulatory green light.

At last check, bitcoin was trading in the red, down 3.1% at $US8,635, according to Markets Insider data.

Read the full story, here>>

Here are the current crypto prices:

Screen Shot 2018 03 22 at 12.19.17 PMMI

What’s happening:


Join Business Insider’s Crypto Insider Facebook group to discuss cryptocurrencies and blockchain with readers from all over the world, as well as BI editorial staff.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.