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Bitcoin tumbles 8% after Japan orders exchanges to beef up practices against money laundering

Fred Imbert

The digital currency hit a four-month low of $6,092.38 and broke below $6,400 for the first time in about a week. The order led bitFlyer — the largest crypto exchange in Japan — to suspend the creation of new accounts while it makes changes. The agency gave the same order to five other exchanges after finding weaknesses in their controls against money laundering.