The People’s Bank of China has issued a new document detailing its plans to toughen its clampdown on cryptocurrency trading activities.

The central bank announced Friday that all services that allow the exchange of fiat currency and crypto assets, or between them, will be illegal from now on.

Over-the-counter services such as Binance, OKEx and Huobi will be affected by the new regulations. These services allow Chinese users to participate in crypto trading activities by exchanging their fiat into digital assets.

The notice also states that it is illegal to offer crypto derivatives trading services within China, regardless of whether foreign exchanges provide such services for Chinese citizens. But, it’s not clear whether Huobi, OKEx and Binance will comply with the order and stop offering OTC services.

Individuals who reside in China and work on foreign cryptocurrency exchanges were warned by the Peoples Bank of China. These individuals may be charged with making cryptocurrency trading accessible in China.

Notably, both the government and law enforcement agencies jointly issued this statement. China’s Sept 2017 ban was signed by just seven government entities, which included the PBoC as well the Securities Regulatory Commission. This latest restriction was supported by seven judicial agencies including the People’s Supreme Court and Supreme People’s Procuratorate. The Public Security Ministry is the highest agency that oversees China’s police force. The wider crackdown is being intensified by Chinese law enforcement.

Since PBoC released its statement, Bitcoin’s price dipped by about $2,000. After reclaiming $45,000, the price of Bitcoin fell to $40,000. Surprisingly, even though the market dipped, it didn’t tumble as much as most people anticipated. China may be slowly losing influence in the cryptocurrency market.

Back in May, China announced that it was going to clamp down on mining and trading. It sent all crypto markets plummeting. The Asian country has increased its attempts to limit the cryptocurrency industry. Many miners and businesses in the crypto industry have fled this region.

The National Development and Reformation Commission released a separate document last month that included crypto mining crackdown as part of its yearly key performance indicators.

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