Bitcoin is now at the highest blast off price of $4,790. Billions of people around the globe are now enjoying the market profits and gaining their loss from the previous couple of weeks. And here is now the news coming from
Published by: David Reid | @cnbcdavy
Bitcoin suffers a flash crash after Russia proposes ban on exchanges selling the cryptocurrency
It dropped by over $600 to a low of $4,200 at roughly 9:00 a.m. London time, the same time as the announcement from Russia's central bank
It was down some 12 percent for the session but quickly recovered within moments and was trading at $4,784 by 9:10 a.m. London time
Sergei Shvetsov, the first deputy governor at the Russian central bank, described the currency as "dubious" on Tuesday morning, according to Reuters.
As I read an article, Russia will block access to all websites of exchanges that offer cryptocurrencies and the Russian Central Bank First Deputy Governor Sergei Shvetsov called them as “dubious” because they could be used to launder money.
I see no reason that BITCOIN could easily step back down as a King of Cryptocurrencies or disappear just like that, as I observed the more countries turning their backs to Bitcoin it gains more attentions to the investors around the world which they wanted to invest more of it just like Japan. And frankly saying also it helps Bitcoin to crawl more to the highest price.
And about the LAUNDER MONEY, in my opinion it depends on the online wallet if how they are going to prevent that. It cannot be send to any government bank account unless it goes first to the chosen online wallet.