Governor of the Central Bank of France issued the warning to its citizens against using bitcoins. Falling their path even UNited Kingdom government has announced plans to regulate the transfer of cryptocurrencies with a view to cracking down on money laundering and tax evasion.
This annoucement sent jitters to the crypto markets and bitcoin which became unstoppable has reacted sharply from $12000 levels.
The regulations are intended to come injust at the beginning of 2018. The increased regulations, in line with the directives in the EUropean Union are intended to limit the amount of anonymity possible for cryptocurrency traders.
