Bitcoin, along with other significant cryptocurrency prices fell on Wednesday in Asia.
Bitcoin lost 2.5% to $10,047.2 by 1:20 AM ET (05:20 GMT). The digital coin continued to linger around the key $10,000 level as there has been little market-moving news lately to trigger a meaningful move around in either direction.
Ethereum declined 1.5% to $179.81, XRP traded 1.9% lower to $0.25678, while Litecoin dropped 1.5% to $70.577.
Sigal Mandelker, U.S. Treasury Under Secretary of Terrorism and Financial Intelligence, said Facebook’s Libra must meet up with the highest Anti-Money Laundering (AML) and terrorism financing standards.
Mandelker told reporters in Geneva on Tuesday that cryptocurrencies, including Facebook’s new proposed coin, must adhere to local regulatory standards.
Libra continues to be under scrutiny from global regulators from recent months since Facebook in June revealed the program to launch the coin next year.
The business is reportedly under investigation by Europe over antitrust issues linked to Libra, reports in August said. Lawmakers within the U.S. also have needed the Libra project to become stopped until further examinations and discussions.