January 11, 2018 / 4:05 AM / 6 months ago

Bitcoin skids on news South Korea prepares to ban cryptocurrency trade

TOKYO (Reuters) - Bitcoin skidded on Thursday, after South Korea’s justice minister said a bill to ban cryptocurrency trade was being prepared.

FILE PHOTO: Sparks glow from broken Bitcoin (virtual currency) coins in this illustration picture, December 8, 2017. REUTERS/Dado Ruvic/Illustration/File Photo

Bitcoin was down more than 10 percent on the Bitstamp exchange at $13,350 BTC=BTSP on the newss, after earlier dropping as low as $13,120, its weakest since Jan. 2.

Reporting by Tokyo markets team; Editing by Shri Navaratnam

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