Bitcoin prices below 15,000 psychological barrier. Earlier on Monday, South Korea’s financial regulator said it is conducting a joint inspection of six domestic banks that open virtual currency accounts for the agency.
Cui Zhongqiu, chairman of the Korea Financial Services Commission (FSC), said at a press conference that FSC and the Korea Financial Supervisory Authority will check whether the banks comply with the anti-money-laundering rules and whether they have used real-name accounts in the joint inspection. Cui Zhongque said the government will also study ways to reduce the risks associated with cryptocurrency transactions, which may include the closure of the use of such currency agencies.
By market capitalization, bitcoin is the largest virtual currency in the world, currently worth about $ 244 billion. According to industry site Coindesk data, as of press release bitcoin price reported 14,539.74 US dollars, fell more than 1,600 US dollars, down more than 10%.