The Chinese central bank continues to crack down on the digital currency market, the central bank said in a statement on Saturday.

In recent times, the Chinese authorities have become increasingly strict against trading cryptocurrencies, which in previous cases has led to fear among investors, resulting in falls in the price of cryptocurrencies.

Beijing is concerned about the financial risks associated with cryptos.

According to China, cryptocurrencies are often used for black trade, arms smuggling, gambling and drug trafficking.

The government has banned major banks and payment service providers from trading digital coins and crypto transaction services.

China says digital currencies pose a threat to financial stability.

In addition, China is working to counter the mining of digital currencies such as bitcoins.

The large energy consumption is at odds with the sustainable ambitions of China, which is an important player in the mining of cryptos.

China's attack on the crypto market previously led to a sharp drop in the value of some cryptocurrencies, such as bitcoin.

At the end of last month, the price of the best-known digital currency fell by 8 percent to 33,000 dollars (about 27,800 euros), when mining was partially banned in China.

Since then, bitcoin has risen in value again to $41,600.

The new warning from the Chinese central bank seems to have no effect.

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