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”, the company said on Thursday. Bishijie was founded in Beijing in 2017 by entrepreneur Tan Chenhui, who previously worked at on-demand local services giant Meituan . His firm raised an undisclosed amount from a Series A funding round in 2019. Its website and app, which provided regular news and price information as well as an online forum, quickly became popular with Chinese cryptocurrency investors. Tan hosted a number of offline events last year to market cryptocurrency Boboo Token in cities like Shenzhen, Hangzhou and Chengdu, which made him one of the country’s leading figures to promote digital tokens to the general public. Boboo.com, a cryptocurrency exchange in which Tan is an investor, launched that digital token last year. The closure of Bishijie marks another grim signpost in the dismantling of cryptocurrency activities in the world’s second-largest economy. Earlier this month, the People’s Bank of China, the nation’s central bank, and Beijing Local Financial Supervision and Administration issued a joint statement calling on companies to halt cryptocurrency-related businesses, including marketing campaigns and office rental. Beijing’s renewed initiative against the sector became apparent in early May, when three Chinese state-backed financial associations jointly issued a warning about the risks stemming from volatile cryptocurrencies . It was followed later that month by an official “crackdown on bitcoin mining and trading behaviour” , announced by the State Council’s Financial Stability and Development Committee chaired by Vice-Premier Liu He, the Chinese president‘s top representative on economic and financial matters. China’s first bitcoin exchange ditches cryptocurrency following Beijing crackdown For Bishijie, however, ceasing operations in China may lead to more scrutiny from some cryptocurrency investors that were part of its now-defunct community. Six investors in Boboo, representing more than 80 peers, last week filed a complaint to the Beijing Local Financial Supervision and Administration, accusing Tan and Bishijie of promoting “fraudulent” tokens, according to documents viewed by the South China Morning Post . Ruan Lingyun, one of the investors, said he bought more than 1 million yuan (US$155,000) Boboo tokens and now has lost more than 96 per cent of that deal’s value. He blamed Tan for his losses. Neither Tan nor Bishijie could be reached for comment on Friday. On announcing its closure on Thursday, Bishijie offered access to the platform’s content to its Telegram and QQ chat groups, where users can continue to discuss investing in virtual assets.