The trading price of bitcoin and other cryptocurrencies may be recovering but new worries appear to be threatening the market as the possibility of a new regulation, which could push the price further down has been revealed.

The plummeting figures are said to be a direct result of South Korea hinting that the country was going to stop trading entirely. China, also launched a similar threat, suggesting that it too, was going to ban cryptocurrency trading.

After the price of the Bitcoin spiralled past $10,000, it now seems to be on the up again, albeit it at a slow rate. However, the cryptocurrency still hasn’t made up for its crash and statistics show that the price of Bitcoin remains down by 13% over the last week and 36% over the last month.

Moreover, with the threat of further regulation, experts are warning that the price could stay low. Lawmakers in Germany and France have revealed they will join together and take a proposal to March’s G20 Meeting, which could ultimately see governments across the world pass new legislation on cryptocurrencies.

The upcoming G20 meeting will reportedly host a discussion regarding the future of digital currencies, and many countries are likely to argue that further legislation is needed.