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Bitcoin skids on news S.Korea prepares to ban cryptocurrency trade

TOKYO, Jan 11 (Reuters) - Bitcoin skidded on Thursday, after South Korea's justice minister said a bill to ban cryptocurrency trade was being prepared.

Bitcoin was down more than 10 percent on the Bitstamp exchange at $13,350 on the newss, after earlier dropping as low as $13,120, its weakest since Jan. 2.

(Reporting by Tokyo markets team; Editing by Shri Navaratnam)