@BOMBERuss 22 June 2021 more from that month

On June 21, the People's Bank of China held a meeting with the country's five largest banks and the Alipay payment system, during which it warned financial organizations against transactions related to cryptocurrency. Last month, the Chinese authorities called for tougher regulation of mining and crypto trading. After that, four Chinese provinces have already imposed bans on the extraction of digital assets: Sichuan, Yunnan, Qinghai and Xinjiang. During the month, bitcoin fell by 18%, and on June 22, its value fell below $30 thousand for the first time since January of this year. At 19:55 Moscow Time, the coin is trading at $32.4 thousand. Taking into account the volume of the crypto market in China and the fact that China sets the tone in the actions of the states of the Asia-Pacific region in many economic and political issues, the consequences for cryptocurrencies in the global plan will be serious, says the head of the analytical department of AMarkets Artem Deev. #Cryptocurrency