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In China, four provinces have already banned the mining of digital assets, and five of the country's largest banks have been banned from conducting operations related to cryptocurrencies. Experts explained what it will lead to and how it will affect quotations in the long term. 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 institutions against transactions related to cryptocurrency. Last month, Chinese authorities called for stricter regulation of mining and crypto-trading. Since then, four Chinese provinces have already banned mining of digital assets: Sichuan, Yunnan, Qinghai and Xinjiang. #Cryptocurrency

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