China Government Toughens Stances Against Cryptocurrency
China's crackdown on cryptocurrency tightened as the Central bank of China urged banks and payment firms to crack down harder on cryptocurrency trade on June 21. People's Bank of China urged the payment firms and banks to thoroughly check their client's accounts in order to identify the ones engaged in cryptocurrency trade and cut off their payment channels. Currently, bitcoin is at a two-week low and ether a five-week low.