Bitcoin and other virtual currencies fell on Friday, with Japan issuing a warning to the Panas digital exchange, and France considered legislation for collectors of digital currency.
Bitcoin was trading at $ 8,471.30, shedding 3.78% as of 7:17 am EST (11:17 GMT) on the Betfinx Stock Exchange, not far from its lowest level at $ 8,375.80. The digital currency struggled to gain strength after falling to $ 6,000 in early February and away from a peak of $ 20,000 in December.
The virtual currency also continued to decline due to news that the Japanese Financial Services Agency issued a warning to the platform to work in Japan without a license.
Panance, one of the world's largest digital currency exchanges, was issued a warning on Friday to do business with Japanese residents online without a license. Pennes was also accused of allowing Japanese residents to open accounts on the Internet without properly confirming their identity.
In France, lawmakers are considering a legal framework for initial cash offerings in the hope of becoming a center for digital fundraising.
Finance Minister Bruno Le Mayer wrote in an opinion paper that he had asked for a bill on digital currencies, which would allow the money market regulator to monitor the issuance of codes.
Wrote Le Mir: "France has every interest in becoming the first major financial center proposes a legislative framework intended that would allow companies that begin to establish the initial currency offers to show its seriousness to potential investors."
The other virtual currencies is low, with low Aithiriom, the second largest currency in the world in terms of market value, rose 4.49% to $ 518.49 in Batvins Stock Exchange. Decline Rebel, the third largest virtual currency, by 4.71% to $ 0.62649, while the last trading of Aatkoan at $ 160.62, down 2.28%.