Bitcoin LIVE: BTC back below $9k while Uzbekistan plans support for 'electronic money'

BITCOIN'S price continued to fall over the weekend after slumping back below the $10,000 mark late on Saturday night. Ethereum is down at $843 and Ripple is still below the dollar mark at $0.91.

7.30am MORNING HEADLINES

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Bitcoin is priced at $9,452, a $110 loss on the day so far as the price continues to fall.

News comes as the central asian country of Uzbekistan has devided to embrace bitcoin technology.In accordance with a presidential decree, a law regulating “electronic money” is being prepared.Bitcoin.com report that the Central Asian country is also planning to open a center for distributed ledger technologies. Mining expenses in Uzbekistan are among the lowest in the world, as the country is a leading producer of electricity.
Uzbekistan is expected to become a major player in the crypto world as the third best placed nation for cryptocurrency mining expenses, according to a recent study.

Minting a single bitcoin costs just $1,790 and Uzbekistan is actually the largest producer of electricity in the region.

Updates below throughout the day....

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