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Bitcoin skids on news S.Korea prepares to ban cryptocurrency trade

Reuters  |  TOKYO 

TOKYO (Reuters) - Bitcoin skidded on Thursday, after South Korea's justice minister said a bill to ban cryptocurrency trade was being prepared. Bitcoin was down more than 10 percent on the Bitstamp exchange at $13,350 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)(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Thu, January 11 2018. 09:33 IST