Bitcoin drops below $15,000 as South Korea reviews accounts

Bitcoin, the world’s biggest virtual currency by market value, was last down 7.57 pct
By
Reuters
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Sparks glow from broken Bitcoin (virtual currency) coins in this illustration picture, December 8, 2017. Photo: Reuters
 

NEW YORK: Bitcoin fell below $15,000 on Monday after South Korea’s financial regulator said it and other agencies are inspecting six local banks that offer digital currency accounts to institutions.

Bitcoin, the world’s biggest virtual currency by market value, was last down 7.57 pct at $14,902.99 on the Luxembourg-based Bitstamp exchange.