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Economy

Bitcoin surges to all-time high on regulatory changes in Asia

Yen, yuan, won among top five trading currencies

TOKYO -- The price of bitcoins surged nearly 30% in April, and reached all-time high in the first week of May, partly due to regulatory changes in Asia.

According to bitcoin information provider CoinDesk, one bitcoin bought more than $1,500 on May 4 for the first time, reaching a record high of $1,588 at one point on May 5.

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