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Bitcoin is sliding amid fears of a crackdown on a Japanese exchange

March 22, 2018

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 $200 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.

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