In addition to banning transactions in various countries, China is also campaigning against cryptocurrencies. As a result, transactions on major crypto exchanges fell by more than 40 percent in June amid unrest, according to a study.

According to the London-based research firm Cryptocompaire, the size of direct trading fell by 42.7 per cent to লাখ 280 billion and the size of indirect trading by 40.6 per cent to ২০ 320 billion. Cryptocompare says the sector is going to be unfavorable as China remains firm on its tough stance against bitcoin mining. As a result, the size of direct transactions has decreased due to price fall and volatility.

Bitcoin trading and mining in China tightened restrictions imposed a month ago, reducing its value by more than 6 percent last month. As a result, the value of the currency has reached its lowest level since last January, according to a Reuters report. Its price fell 35 percent in May after Beijing took steps to rein in the fast-growing sector.