$BITCOIN GENERATION INC (BTGN.US)$ As money poured into cryp...
$BITCOIN GENERATION INC(BTGN.US$ As money poured into crypto, regulators fretted over what they saw as its potential to enable money laundering and threaten global financial stability.
Long sceptical of crypto - a rebel technology invented to undermine traditional finance - watchdogs called for more powers over the sector, with some warning consumers over volatility. With new rules looming, crypto markets were skittish to the possible risk of a clampdown.
When Beijing placed curbs on crypto in May, bitcoin tanked almost 50%, dragging the wider market down with it.
Long sceptical of crypto - a rebel technology invented to undermine traditional finance - watchdogs called for more powers over the sector, with some warning consumers over volatility. With new rules looming, crypto markets were skittish to the possible risk of a clampdown.
When Beijing placed curbs on crypto in May, bitcoin tanked almost 50%, dragging the wider market down with it.
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