DonateMost active topics
Latest topics
China Bans All ICOs Immediately. Cryptocurrency Prices React
Page 1 of 1 • Share
China Bans All ICOs Immediately. Cryptocurrency Prices React
by Vladdirescu Mon Sep 04, 2017 10:07 pm
A notice from the Banking Regulatory Committee led by the People's Bank of China today announced an immediate ban on ICOs. Starting September 4, all ICOs in China will be frozen.
The notice from the committee states that ICO fundings have seriously disrupted the economic and financial order in the region. There are several reasons for the ban, one of which is the concern that non-banking payment institutions have no legal right to carry out business related to token issuance and financing transactions. Moreover, the committee believes that dozens of startups launching ICOs may be financial scams and pyramid schemes.
The full article: https://coinidol.com/china-banned-all-ico-funding/
The notice from the committee states that ICO fundings have seriously disrupted the economic and financial order in the region. There are several reasons for the ban, one of which is the concern that non-banking payment institutions have no legal right to carry out business related to token issuance and financing transactions. Moreover, the committee believes that dozens of startups launching ICOs may be financial scams and pyramid schemes.
The full article: https://coinidol.com/china-banned-all-ico-funding/
Vladdirescu- Posts : 721
Reputation : 1
Join date : 2017-04-21
Similar topics» DOVU to Set New Benchmark for Token Sale Despite The Ban of ICOs in China
» Altcoins Prices: The Uptrend is “Contagious”
» Still Afloat: Altcoin Prices Go Up Despite The Stall In BTC Downfall
» China Planning a War Against Cryptocurrency Trades
» China to Establish Blockchain National Standards
» Altcoins Prices: The Uptrend is “Contagious”
» Still Afloat: Altcoin Prices Go Up Despite The Stall In BTC Downfall
» China Planning a War Against Cryptocurrency Trades
» China to Establish Blockchain National Standards
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Smart Valor — The Future of Global Investments
» Jur — Resolving Legal Disputes with the Help of Smart Contracts
» CDRX — Blockchain Technology in the Traditional Securities Market
» NoahCoin as a Key to Borderless Facilities of Noah Project
» Iconiq Lab — New ICO Accelerator and Decentralized Investment Fund
» Raincheck — Global Bonus System and Loyalty Program on the Stellar Blockchain
» Clintex (Clinical Trials Intelligence) — Alternative Treatment of the Future
» Mobu ICO— The Future of Security Tokenization
» Codex Protocol — Blockchain-based Title Registry of Art and Collectibles
» INGOT Coin Develops An All-Inclusive Ecosystem to Bridge Markets, Revives Lost Demand
» Japan Has Announced New Five-Point Regulations for Cryptocurrency Exchanges
» Trivver — Blockchain-Based Extended Reality Ad Exchange
» OEL Foundation — Unified Logistics Blockchain Infrastructure
» Quadrant Protocol — Data Ecosystem With Authenticity And Provenance
» Pumapay Brings Crypto Payments into Daily Life, Raises $117 mln in Private Token Sale
» FlipNpik — Social Media for Local and Small Businesses based on XLM
» Japanese Bank MUFG Is Planning to Issue a Trial of Its Own Digital Currency
» Blockchain Enters Poland’s Financial Market, Namely the Credit Office
» HSBC Claims it Performed the World’s First Trade Transaction via Blockchain