One of China's largest Bitcoin markets is closed. This was done following the Chinese Government's ban on the virtual currency.
Bitcoin exchange rate has been down in recent days because of the Chinese government's refusal. With this news, Bitcoin's value is expected to weaken again.
China's central bank has banned local companies to stop transactions related to the virtual money.
The association set up by the central bank warned that virtual money could be dangerous and misused for money laundering, drug selling, smuggling and other illegal activities.
Bitcoin exchange rate fell today, to the position of US $ 3,640 per chip from the previous record highs of all time in early September of US $ 4,359.
China controls about 22% of the world's Bitcoin trade through a market called BTCC and Okcoin.