crack down – BOL News Staging

Bishijie cryptocurrency community, shut down by Chinese regulators

July 15, 2021 by Syed Ahad

Bishijie, a Chinese cryptocurrency community and information provider, shut down its app and website on Thursday in mainland China.

Bishijie, or Coin World, said on its website that it is “actively cooperating with regulators, and taking corrective measures as required.”

Previously in May, China’s state council, or cabinet, promised to crack down on bitcoin trade and mining, citing underlying financial dangers as justification.

According to its website, Bishijie, a world for cryptocurrency trading, is committed to making investment decisions as simple as possible.

According to its website, it serves cryptocurrency investors in China and Korea with news, social media, and trading information.

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PBoC continues the crackdown on cryptocurrency trade

July 8, 2021 by Syed Ahad

PBoC continues the crackdown on the cryptocurrency trade. People’s Bank of China has shut down a company that provided bitcoin trading software. As Chinese officials continue the crackdown on crypto-related transactions.

A senior PBoC official declared two days after the closure that the central bank would ramp up testing of its prototype “digital yuan.”

Beijing Qudao Cultural Development, a software firm, has been ordered to cease operations by the PBoC’s Beijing office, according to a statement released on July 6.

Following a meeting with banks and payment companies, the PBOC issued a statement ordering them to properly monitor customer accounts, identify those involved in cryptocurrency transactions, and terminate their payment channels as soon as possible.

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Malaysian administration detains 474 illegal workers

January 5, 2020January 5, 2020 by Web Desk

The Malaysian administration detained 474 illegal foreign workers, including 78 Bangladeshis, in a New Year campaigns across the country. According to the details, the Malaysian administration carried out 124 raids in the first two days of the New year. It checked 1,871 foreigners, said Datuk Khairul Dzaimee Daud,Director General of the Malaysia Immigration Department. Starting … Read more

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