China's regulatory measures are becoming stricter
6.22 Morning News

On June 21, the official website of the central bank stated that the relevant departments of the People's Bank of China have recently interviewed some banks and payment institutions, including the Industrial and Commercial Bank of China and the Agricultural Bank of China, on the issue of providing services for virtual currency transactions by banks and payment institutions. Subsequently, Industrial and Commercial Bank of China, China Construction Bank, Postal Savings Bank, Industrial Bank and Alipay issued announcements prohibiting the trading of virtual currencies such as Bitcoin. This news caused a panic in the crypto market, and the currency circle plummeted.