Bitcoin price slides amid EU call to make transfers traceable, and rise of ‘stablecoins’

European regulator want banks to hold personal details of cryptocurrency clients, while US wants swift work to establish less volatile stablecoins'

Bitcoin has slipped below $30,000 as calls grew among regulators in the US, Europe and Asia for tighter checks on cryptocurrencies, and the less volatile digi-currency known as stablecoins".

Bitcoin, the world's largest cryptocurrency fell as much as 5% to $29,300, its lowest since 22 June, and investors said it was likely to test the $28,600 level touched last month, its lowest since early January, as it faced a variety of regulatory headwinds. Smaller cryptocurrencies such as ether and XRP also lost around 5%.