The closure of Bishijie marks another grim signpost in Chinese regulators’ dismantling of cryptocurrency activities in the world’s second-largest economy. Photo: AP
Chinese cryptocurrency community closes operation amid Beijing’s crackdown, as investors cry ‘fraud’
- Bishijie is the latest casualty of Beijing’s crackdown on activities related to bitcoin and other cryptocurrencies
- Ahead of its closure, Bishijie and founder Tan Chenhui were accused of promoting ‘fraudulent’ tokens by some investors
The closure of Bishijie marks another grim signpost in Chinese regulators’ dismantling of cryptocurrency activities in the world’s second-largest economy. Photo: AP
