The People’s Bank of China and six other state regulators today jointly announced a complete ban on initial coin offerings (ICOs) in China, in perhaps the harshest measures ever taken against a new fundraising activity. The Ministry of Industry and Information Technology, the State Internet Information Office, the State Administration for Industry and Commerce, the China Banking Regulatory Commission, the China Securities Regulatory Commission and the official insurance regulator together said that ICOs are potentially illegal fundraising activities and have …

China Officially Bans Initial Coin Offering appeared first on China Money Network.


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