Bitcoin Down After Japan FSA, Binance News - Cryptocurrency Podcast by Coin.FM - Bitcoin, Crypto and Blockchain News
Description
Episode #23
Early on the morning of March 22nd, the Nikkei Asian Review published an article with the headline “Japan to warn Hong Kong-based crypto exchange: Criminal charges to be filed if Binance fails to halt Japan operations.”
Yikes — It certainly got our attention!
The FSA has been clamping down on cryptocurrency venues after a $500 million theft from Japanese exchange Coincheck in January.
CZ, the CEO of Binance, took to Twitter saying, “Nikkei showed irresponsible journalism. We are in constructive dialogs with Japan FSA, and have not received any mandates.”
Within minutes of the news story circulating, bitcoin took a swift nosedive, dropping over 5% from $9040 USD to trade at just above $8600 later in the day, at the time of reporting.
Do you think there any truth to this or is it just another case of irresponsible journalism as CZ claims?
United States
Spending a lot of time on https://hexn.io I didn't even pay attention to the regulatory actions and market news that often affect cryptocurrency prices. The FSA's involvement in regulating the cryptocurrency industry and Binance, one of the largest cryptocurrency exchanges, can influence investor sentiment and market trends. It's important to stay abreast of such developments, as they can affect the overall market sentiment and potentially impact the price of bitcoin and other cryptocurrencies.
Quite an interesting podcast. Thank you!