Bitcoin is expected to fail to survive in the position of US $ 9,000 per 1 BTC. This is reinforced by the existence of tightening supervision of related Japanese regulators towards cryptocurrency giving negative sentiment.
At the top of CNBC on Friday (23/3/2018), Bitcoin is trying to get back to US $ 9,000 price after dropping from US $ 11,660 earlier this month to a low of US $ 7,335.
Previously the Japan Financial Services Agency will make plans to issue a warning against Binance, one of Hong Kong's premier digital currency exchange markets but operating in Japan known without registration.
The Japanese regulator, will file a criminal lawsuit if the warning is not addressed
"We have had dialogue with FSA Japan and have not received orders," said Binance CEO Changpeng Zhao through his twitter account.
Binance is one of the largest cryptocurrency exchanges in the world.
Japan does require a marketplace or a crypto currency exchange to sign up for a financial regulator.
reports from local Japanese news media, also said the National Police Agency of Japan had found 149 cases of hacking cryptocurrency last year, with losses of 662.4 million yen (US $ 6.3 million).
On Monday, Japan's Financial Services Agency held a "Blockchain Round-Table" on March 8 and 9 with regulators from countries such as Singapore and Canada.
The agenda is tacitly titled to address issues of public blockchain vulnerability and coordination between regulators and academics.