Beijing Business Daily (Reporter Tao Feng, intern Chen Xuzheng) On July 20, local time, the final bitcoin transaction price fell below 30,000 U.S. dollars, or about 29,800 U.S. dollars per coin, the lowest level since last month. According to Coindesk, Bitcoin has fallen by about 6% in the past 24 hours. Other cryptocurrencies are also falling, with Ethereum and Dogecoin both falling by about 7%.
The fall of cryptocurrencies was affected by the latest EU plan. As part of the plan to combat money laundering and terrorist financing, the European Union proposes to ban anonymous cryptocurrency transactions. On July 20, the EU specifically emphasized in the fact sheet that it will ban anonymous crypto asset wallets. The European Commission stated that cryptocurrencies should be subject to the same regulations as regular bank wire transfers. The plan must be approved by the European Parliament and the European Council, and the process may be lengthy. The EU stated that the goal is to start operating a new anti-money laundering agency in 2024.
After the EU proposal came out, cryptocurrencies fell in response. It is worth mentioning that in February of this year, Tesla announced an investment of 1.5 billion US dollars to buy Bitcoin. If Bitcoin falls to $25,000, Tesla will suffer a loss of $300 million. If it drops to $20,000, the loss will rise to $500 million, which is almost equivalent to Tesla’s entire pre-tax profit in the first quarter.Return to Sohu to see more
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