On Sunday Hon Petquin to $ 34.693, according to CINMARKETCAP website.
In accordance with Arab China, China is taking strict action against the mining currency encrypted, according to the government cabinet declaration three days after the organizers confirmed their ban on digital codes in financial transactions and may increase pressure on the encrypted currency industry World sales last week.
The government is working strict measures against the mining of Petquin and commercial behavior, and prevents the packaging of individual risks to society, according to a statement issued by the State Council Stabilization and Development Committee, headed by Vice Premier Liu HE, Large representatives of the Chinese President for Economic and Financial Affairs.
China is the largest mining site for encrypted currencies in the world, accounting for 65% of the Petquin retail rate, a measurement unit used by the PetCoin network to check transactions and mining the new codes of the encrypted currency, according to estimates before The Cambridge Bitcoin Index for Electricity Consumption, according to the Arabic portal of Technical News.
The government, which has banned financial transactions for the Petquin currency and other codes since 2019, has been remarkable.
The Shanghai Social Sciences Academy said: The drafting of the statement did not leave a significant area for encrypted currency mining.
However, the last statement did not reach the full ban of encrypted currency mining, and did not undergo the details of the actions involved in this campaign or size.
The prices of Petquin fell up to 20% to $ 33550 after the Committee's statement, before they rise to $ 37,500.
The newly encrypted currency fluctuations are exacerbated by comments from Billionaire Businessman Elon Mask, CEO of Tesla Giant Electric Cars.
The latest anti-mining initiative came after three Chinese financial assemblies issued a common warning on the risks caused by volatile encrypted currencies earlier this week.
However, some metals appeared and confident that Beijing's remarks are greater than their actions, where encrypted currencies are still sold in the country.
When all mining activities are banned, it will be a fate of a fate of a Petquin currency, with a large part of its strength in treatment.
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