Bitcoin price has dropped to a two-week low of over $32,000 as more negative news emerges from China.  This time, one of the largest state-owned banks reportedly banned its clients from dealing with any digital assets.
According to a report from June 21, the Agricultural Bank of China has published a statement outlining a ban that would prohibit its customers from doing any business with cryptocurrencies.
It should be noted that the Agricultural Bank of China is also one of the largest banks in the world in general.
Client accounts will be terminated immediately if the bank finds out that they have interacted with bitcoin and other digital assets.
The bank also plans to report all suspicious transactions to the relevant authorities "in a timely manner."
Thus, the world's most populous country continues its crackdown on cryptocurrencies.