The Ripple is down 7% on the third weekly loss following the warnings from digital currencies in Davos
ripple·@ohamdache·
0.000 HBDThe Ripple is down 7% on the third weekly loss following the warnings from digital currencies in Davos
https://steemitimages.com/DQmY7oJJpzjoTW2ahcfPp4k8qchykn1Ks6j5hHnfr2PMZT2/Ripple.png The digital currency fell by 7 percent, or more than $ 0.09 on Friday, hours after Prime Minister Teresa Mae warned that digital currencies should be watched carefully because they could be used illegally. British Treasury Secretary Philip Hammond and his US counterpart, Seven Munchen, Digital currencies because they are used in illegal activities This was the middle of the annual meetings of the World Economic Forum in Davos, which enters its fourth day in a row. As of 06:36 GMT, the digital currency, Ripple fell 7.27% to $ 1.20500 from its opening price of $ 1.29640 after hitting its lowest since January 17 at $ 1.10320. $ 1.32000. The market value of Ripple is currently around $ 122 billion after resuming the retreat for the second consecutive session, and we would like to point out that the market value of the RIB has fallen below $ 100 billion earlier in the week when it reached its lowest level in a month at $ 0.87 amid the wave Selling of the currency following the negative news from South Korea and the continued warnings of the Chinese risk of trading on it. On Wednesday, Kim Yong, vice chairman of the South Korean Financial Services Commission, announced the regulations for the exchange of encrypted digital currency in his country with the issuance of the real name system, which aims to eliminate the anonymous transactions of digital currencies and the South Korean government published guidelines for combating money laundering operations Banks that offer encrypted currency services there. The South Korean government, the world's third-largest currency exchange, came after hours of speculation that the South Korean government was looking for alternative solutions to control digital currency trading and tax on its trading platforms. Following South Korea's recent bid to ban currency trading within its territory. Corbett, South Korea's largest digital currency company, recently barred non-Korean citizens from placing the yuan on their trading platforms, announcing that they would terminate their default accounts by the end of the month, In South Korea, which accounts for about one-fifth of the digital currency market.
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