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المشهد العربي
Cryptocurrencies decline following Japan's regulatory reforms
The cryptocurrency market declined on Thursday due to geopolitical uncertainty in the Middle East, amid ongoing US military strikes on Iran. Despite the decline, Bitcoin remained above $64,000, with expectations of achieving weekly gains of over 1%. In terms of regulation, the Japanese parliament approved a new law reclassifying cryptocurrencies as financial assets to enhance transparency and impose stricter restrictions on illegal trading, leading to a decrease in prices for cryptocurrencies such as Bitcoin, Ethereum, and Ripple, ranging from 0.47% to 1.16%.
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