Bitcoin Slips to 2018 Low as Rising Scrutiny Feeds Skepticism

Bitcoin dropped to the lowest level this year as pressure mounts on the embryonic digital-currency sector, with global central bankers raising questions of viability and government regulators increasing scrutiny.

The biggest virtual currency fell as much as 5.1 percent to $5,832.68, piercing the previous low of the year of $5,920.72 that was set on Feb. 6, according Bitstamp prices as of 10:40 a.m. in London. That bought its decline from the record high of almost $20,000 reached in December to 70 percent.

On Friday, Japan’s Financial Services Agency ordered six of the country’s biggest crypto trading venues to improve measures to prevent money laundering. The companies must submit their plans by July 23…

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