China has tightened its course against the Bitcoin significantly.
In the southwestern province of Sichuan, the authorities are said to have ordered the closure of 26 centers in which Bitcoin is generated by Sunday.
This is reported by the AFP news agency, citing statements on social media in the country and statements by former and former Bitcoin miners.
In the provinces of Inner Mongolia and Qinghai, data centers had already been closed in the past few months;
citizens were called upon to report illegal mines.
Above all, however, the leadership instructed the payment platform Alipay and local banks to stop offering services related to trading cryptocurrencies. In addition, the institutions should close the payment channels of the crypto exchanges and alternative trading venues, according to an announcement by the People's Bank of China. The Chinese central bank said on Monday that transactions in cryptocurrencies disrupted "the normal economic and financial order" and created the risk of illegal cross-border transfers of assets.
The price of Bitcoin fell by more than 5 percent compared to the previous evening to around 32,600 dollars, but had in the meantime already slipped to 31,735 dollars.
If the $ 30,000 mark is broken, there is a risk of further price declines from a technical point of view.
Ethereum also lost more than 7 percent to around $ 1970.
In addition to concerns about financial stability, a possible reason for China's tightened action against Bitcoin is that transactions are carried out independently of central banks.
According to analysts, the People's Republic fears the spread of illicit financial flows that are beyond the control of the state.
In addition, China is driving the development of its own cryptocurrency, which is to be flanked by the central bank.