Bitcoin price drops 3% to ten-day lows as Ethereum inches close to $1K

More bad news for Bitcoin hodlers as BTC sparks 3% losses in an hour.

had also come from the European Union, which voted to increase restrictions on crypto movements in the bloc.

“The agreement extends the so-called ‘travel rule’, already existing in traditional finance, to cover transfers in crypto assets. This rule requires that information on the source of the asset and its beneficiary travels with the transaction and is stored on both sides of the transfer,” a press release about the move“Crypto-assets service providers will be obliged to provide this information to competent authorities if an investigation is conducted into money laundering and terrorist financing.

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