initial coin offering
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China Just Made Crypto Transactions Fully Illegal
After spending the past few months rounding up an untold number of crypto criminals across China, it looks like local authorities have finally had enough. The People’s Bank of China posted a terse notice on its blog on Friday morning where the financial regulator made its stance pretty clear: Any crypto-related transactions are considered “illicit…
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What Are ICOs, And Why Are They Getting Banned In China?
China recently banned initial coin offerings (ICO) and briefly paused the seemingly unstoppable price increase of bitcoin. But the cryptocurrency has already bounced back. With the likes of Paris Hilton, Kim Dotcom, and John McAfee all jumping into the ICO world in one way or another, it seems worth asking what the hell this whole…