January 11, 2018 / 4:09 AM / in 9 months

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.

Broken representation of the Bitcoin virtual currency, placed on a monitor that displays stock graph and binary codes, are seen in this illustration picture, December 21, 2017. REUTERS/Dado Ruvic/Illustration

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

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