Investing.com - Bitcoin prices were little changed on Monday. Reports that Korea’s biggest cryptocurrency exchange Bithumb is set to ban digital coin trading in 11 countries including North Korea received some focus.
Bitcoin was trading at $7,380.1 by 12:22AM ET (04:22GMT) on the Bitfinex exchange, up 0.3% over the previous 24 hours.
Ethereum, the world’s second largest cryptocurrency by market cap, was down 2.5% at $567.9 on the Bitfinex exchange.
Ripple’s XRP token climbed 0.1% higher to $0.60314 on the Poloniex exchange.
Meanwhile, Litecoin added 0.6% to $118.28.
Bithumb is set to ban virtual coin trading in North Korea and ten other countries that are considered as high-risk jurisdictions by the Non-Cooperative Countries and Territories (NCCT) Initiative, the crypto exchange announced on Sunday.
The move was an attempt to prevent its infrastructure and platform from being used to launder money and any international finance terror or criminal activities, Bithumb said, adding that it will no longer accept new users from the 11 countries.
Meanwhile, Cape Town-based asset management firm Signia is planning to introduce its own cryptocurrency exchange. Maria Wierzycka, CEO of the company, informed the press that the proposed platform will be launched between July to September this year.
The exchange will be called SigniaCoin, Wierycka said. The company is also planning to develop a fund to grant users access to myriad of crypto assets, according to reports.