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The world's largest cryptocurrency has fallen to its lowest level since more than a year on Monday.
Others have pointed to a split in the currency of bitcoin cryptocurrency. This digital currency has split into two versions last week – "Bitcoin ABC" and "Bitcoin SV" – which, according to analysts, have added to the uncertainty of the crypto markets at large.
US regulators have kept their promises to regulate non-compliant cryptocurrency projects last week. The Securities and Exchange Commission on Friday announced its first civil penalties against the founders of crypto, as part of a broader regulatory and legal crackdown aimed at abuses and outright fraud in the sector. growing digital currency.
SEC Chairman Jay Clayton said earlier this year that all crypto-currencies, with the exception of bitcoin and the ether, were securities and that "he is a guarantee, we regulate it ".
The cryptocurrency's fall also comes after new warnings by Benoît Coeure, a member of the European Central Bank's board of directors, last week, according to a Bloomberg News report. Hearth called bitcoin "a combination of a bubble, a ponzi scheme and an environmental disaster", in a bank of international settlements in Basel.
"Bitcoin was an extremely smart idea, but unfortunately not all smart ideas are necessarily good," said Coeure. "For all intents and purposes, bitcoin is the perverse product of the financial crisis."
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