May 24, 2018

Report: DOJ, CFTC target bitcoin price manipulation

Two Bitcoin ATM machines, one yellow, one green, in Hong Kong

A Bitcoin ATM machine in Wan Chai, Hong Kong. Photo: SOPA Images/via Getty Images

The Department of Justice is investigating traders for criminal price manipulation of bitcoin, working with the Commodities Futures Trading Commission, Bloomberg reports.

Why it matters: Government regulators have been playing catch-up to the booming crypto market, but this suggests they're determined to make up lost ground.

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