News Snapshot:
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...
