Bitcoin tumbles after Japan watchdog orders exchanges to review business practices

Bitcoin tumbles after Japan watchdog orders exchanges to review business practices

Tomohiro Ohsumi | Bloomberg | Getty Images
An employee uses a smartphone as he demonstrates how to purchase bitcoins from a bitcoin automated teller machine (ATM) at the Coin Trader bitcoin retail store in Tokyo, Japan.

Bitcoin prices fell more than 5 percent on Friday after Japan’s financial regulator ordered several cryptocurrency exchanges to improve their practices against money laundering.

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