Office of Chinese Crypto Exchange BISS Closed, Staff Members Arrested
Adrian Zmudzinski's original article for cointelegraph.com reduced by 70%
Chinese authorities shut down local cryptocurrency exchange BISS and arrested 10 people suspected of being involved in its operations. Local media Sohu reported on the actions undertaken by Chinese authorities on Nov. 22.
"It's a relatively known up-and-rising exchange." In a blog post published on Nov. 18, the exchange addressed user withdrawal issues. Lastly, the exchange also noted that it intends to cooperate fully with Chinese law enforcement.
As Cointelegraph reported last week, Shenzhen authorities identified a total of 39 exchanges falling afoul of China's cryptocurrency trading ban. The Chinese technology capital of Shenzhen recently issued a warning against illegal activities involving cryptocurrencies, including cryptocurrency exchanges.
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