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US launches criminal probe into bitcoin price manipulation: report

JOHANNESBURG – The United States (US) Department of Justice on Thursday launched a criminal probe into whether traders are manipulating the price of bitcoin and other digital currencies, according to Bloomberg.

The investigation concerns illegal practices that can influence prices, such as spoofing or flooding the market with fake orders to trick other traders, Bloomberg said, citing four people familiar with the matter.

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Federal prosecutors are working with the Commodity Futures Trading Commission (CFTC), the report added.

Neither the Justice Department nor the CFTC was immediately available for comment.

Reuters

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