China bans Initial Coin Offerings calling them ‘illegal fundraising’ - Vigasapuwath 24x7

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Tuesday, September 5, 2017

China bans Initial Coin Offerings calling them ‘illegal fundraising’

china-coinChina on Monday banned and deemed illegal the practice of raising funds through launches of token-based digital currencies. The move was targeted at so-called Initial Coin Offerings (ICO) in a market that has exploded since the start of the year. ICOs have become a bonanza for digital currency entrepreneurs, globally and in China, allowing them […]

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