Chinese cryptocurrency community closes operation amid Beijing’s crackdown, as investors cry ‘fraud’

//Chinese cryptocurrency community closes operation amid Beijing’s crackdown, as investors cry ‘fraud’

Chinese cryptocurrency community closes operation amid Beijing’s crackdown, as investors cry ‘fraud’

Bishijie, an online community for Chinese cryptocurrency investors, has terminated operation of its website and app in mainland China, becoming the latest casualty of Beijing’s crackdown on bitcoin and other digital tokens.Privately held Bishijie, which translates to “cryptocurrency world”, said it was closing down its activities for good in China to “cooperate with the industrial rectification requirements of the regulators, in accordance with the central bank’s documents on cryptocurrency”,…

Article by [author-name] (c) Business - South China Morning Post - Read full story here.

By | 2021-07-16T15:00:15+00:00 July 16th, 2021|Business|Comments Off on Chinese cryptocurrency community closes operation amid Beijing’s crackdown, as investors cry ‘fraud’