Bitcoin price falls below $6000 as banker signals crackdown

The price of bitcoin fell below $ 6,000 (£4,300) for the first time this year as a leading central banker said it posed a threat to financial stability and signalled a global clampdown on the cryptocurrency. The new head of the Bank for International Settlements, Agustín Carstens, said bitcoin had become a …
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Bitcoin crackdown by Lloyds bank as customers are banned from buying cryptocurrency with credit …

The price of Bitcoin has plummeted by more than 57 per cent from £14,000 in December to less than £6,000. Lloyds bosses now fear they could end up footing the bill for unpaid debt should the price fall any further. So credit card customers of Lloyds, which includes Halifax, Bank of Scotland and MBNA, …
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Crackdown on Bitcoin Hits Businesses in Bali (news.bitcoin.com)

Having issued a stark warning to “all parties” against any use of “virtual currency”, Bank Indonesia has now joined forces with local police to prevent bitcoin transactions where they are most likely to take place – in Bali. The island, a popular holiday destination with tourists spending both fiat and crypto, has been targeted by authorities. Inspections of businesses accepting bitcoin are underway, according to Indonesian media and the crypto community in the country.

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India’s Crypto Crackdown: Wealthy Bitcoiners Targeted, Start-Ups Scrutinized (news.bitcoin.com)

It has been a busy week for the government of India concerning cryptocurrencies. After it raided crypto exchanges, it is now actively investigating wealthy bitcoiners through the Income Tax Department of India (ITDI). In addition to roustings and investigations, the Securities and Exchange Board of India (SEBI) announced new scrutiny initiatives regarding initial coin offerings (ICOs) which it describes as “Ponzi Schemes.”
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European Union Terror Fears Drive New Crackdown on Bitcoin Across Member States

Bitcoin has been a tear the entire year, causing governments worry about adoption and potential seigniorage loss, as well as taxation hits, more than public pronouncements regarding the digital asset's use for terror. Nevertheless, the drafted legislation was in direct response to attacks in Brussels and …
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Bitcoin triggers ponzi fear: Government in a huddle, plans crackdown

Bitcoin hit another all-time peak on Tuesday, two days after the launch of the first-ever bitcoin futures on a US exchange and ahead of the start of another futures contract next week, as investors grew optimistic that the $ 20,000-mark is within reach. Extraordinary surge in Bitcoin prices has caught the …
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Chinese Bitcoin Miners Explore Relocating Abroad Amid Fears of Crackdown (news.bitcoin.com)

An increasing number of Chinese miners are reportedly exploring other jurisdictions in which to operate amid growing uncertainty regarding the future of China’s mining industry. Although the Chinese government has not indicated that it will extend its cryptocurrency crackdown to target miners, many are making plans to base their operations elsewhere.
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