Regulators have shut down Bishijie, the Chinese bitcoin forum.

Bishijie, a Chinese cryptocurrency community and information provider, shut down its online portal in mainland China on Thursday, citing a violation of central bank rules. it was founded in 2017 in Beijing, China, and has a workforce of 11-50 people.

On its website, Bishijie, or Coin World, stated that the company is “actively cooperating with regulators and taking corrective measures as required.”

China’s state council, or cabinet, vowed in late May to crack down on bitcoin trading and mining, citing underlying financial risks.

Bishijie, a world for cryptocurrency trading, is dedicated to simplifying investment decisions, according to its website.

Its website provides news, social network, and trading information for cryptocurrency investors in China and Korea.

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