Bitcoin is getting cheaper because of the idea of regulation of the cryptocurrency

KIEV. 16 Jan. UNN. Cryptocurrency No. 1 in the world “Bitcoin”, is cheaper because of the uncertainty of investors regarding the regulation of cryptocurrencies, from the data of the auction. It is reported by UNN with reference to CoinMarketCap.

According to the website CoinMarketCap, Bitcoin depreciated by 3.62%, to 13.2 thousand dollars. On the stock exchange Bitfinex cryptocurrency when it was reduced in price by 4.29 percent, to 13.02 thousands of dollars on GDAX – on 3,27%, to 13.05 thousands of dollars. According to Coindesk, Bitcoin dropping to 4.09 percent, to 13.03 thousands of dollars.

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Alternative cryptocurrency also cheaper – Ethereum – on 7,41%, to 1,2 thousand dollars, Ripple by 13.09%, to $ 1.62, Bitcoin, Cash by 9.98%, to 2.28 thousand dollars. The market capitalization of cryptocurrency, according to the service, is at the moment 650,8 billion dollars, the share of Bitcoin accounts for about 34% of the total market.

Regulatory issues continue to cryptocurrency traders are concerned. On Monday, the Director of the Central Bank of Germany, Joachim, Wuermeling (Joachim Wuermeling) stated that the regulation of cryptocurrency should be in a global scale. In his opinion, due to the fact that national or regional regulations will be difficult to implement in the boundless virtual community. In addition, the Agency Bloomberg has informed on the intention of the Chinese authorities to extend the ban, which was imposed on trading of the cryptocurrency last year.

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Last week, the media quoted the Minister of justice of South Korea, Park sang-Ki reported on the preparation of the bill, which provides for a ban on the sale of the cryptocurrency in the country. The Minister did not specify when the bill is presented in Parliament. But in his statement, the exchange rate of bitcoin fell sharply. Digital currency known for its volatility, has fallen by about 14%. Later, the Finance Ministry of South Korea officially denied the possibility of a ban. But on Monday, again citing the Ministry of justice of the country, the South Korean Agency Yonhap said that the authorities intend to restrict trade in the cryptocurrency.

Some analysts suggest that such statements and limiting steps can be caused by the threat posed by the cryptocurrency for the current world financial system, because the virtual currency eliminates the need for intermediaries (banks, law firms, etc.) and a large number of staff, because transactions are made directly between the parties to the transaction.