The encrypted currencies have accounted for nearly $ 300 billion from the total market capitalization due to the Chinese renewable campaign since Friday and given the closure of miners for their operations.
According to Arab Net, the Petquin currency fell by about 2% at $ 32330.21, according to Cindesk data. Other encrypted currencies, including Ethiom and XRP, also fell sharply.
This comes, after China intensified its efforts to curb the country's encrypted currency industry, over the past few days, according to the CNBC network, and Arabic.
Block mining and central guidance
Authorities in Sichuan Province ordered the Chinese mining companies encrypted on Friday by closing their operations, one of China's largest mining centers in China.
Many Petcoen mines were also closed in the southwest China's district as of Sunday, according to the State-backed Quobal Times.
Step in Sichuan comes after other mining air conditioners closed in China, including internal Mongolia.
The Chinese People's Bank said on Monday he spoke to Ali Bay, a service-run payments of Ali Alibaba Group, and some major financial institutions. The central bank said it had urged them not to provide services related to encrypted currency activities, including the opening of accounts, clearing and settlement.
China has banned local encrypted exchange operations in 2017, forcing them to move abroad. This Chinese merchants did not prevent the purchase and sale of digital currencies, although he added a layer of complexity to its trading. The Chinese traders will be forced to transfer Chinese yuan to a platform to buy encrypted currencies. This will be through a payment service such as Alipay or a bank account. So the last alert for the Chinese People's Bank of Financial Institutions may look forward to eliminating this matter more.
Since Friday, when Sichuan authorities have notified the miners by closing their operations, the price of Petquin fell by about 16%. Where the central bank notice added more pressure.
