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China has restricted cryptocurrency transactions. On Tuesday, China banned financial institutions and payment companies from providing services related to cryptocurrency transactions, and warned investors against speculative crypto trading. Bitcoin, which has tended to decline in recent days after the restriction on transactions made with crypto money in China, saw below $ 38,000 after a long time. Thus, the crypto money, which broke a record by exceeding 64 thousand dollars in April, lost about 40 percent in value.

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