ICO

China’s Blockchain regulation: Seven ministries demanded immediate cessation of ICOs

On the morning of March 9, a press conference was held at the first session of China’s 13th National People’s Congress (NPC). Xiaochuan Zhou, the governor of the People’s Bank of China, answered questions about Bitcoin and initial coin offerings (ICO).

Ant Financial: the Number of Blockchain Patents Ranks the First, Irrelevant with ICO

China far outnumbers the US in blockchain patents and leads the world, according to the latest blockchain patent list. Alibaba is the world’s leading enterprise in terms of number of patents published for blockchain technology. All of its 49 patents came from the Ant Financial technology laboratory.

The National Internet Finance Association of China says Bitcoin becomes tools in criminal activities

In recent years, the so-called virtual currencies, including Bitcoin, Litecoin, and various forms of tokens, have been traded in a centralized manner on several internet platforms. As such trading attracts more participants, related financial and social risks have reached to a level that cannot be ignored. In order to help the public correctly know about […]

News of Bitcoin ban leads to underselling and bargain-hunting

After the Initial Coin Offering (ICO) was banned, Bitcoin receives another blow. On the evening of September 8th, news came that the supervisory authority decided to shut down the virtual currency trading platforms in China, which involves all the platforms between the virtual currency and legal tender represented by OKCoin, HUOBI and Bitcoin China. As […]

ICO is banned for allegedly illegal financing in China

On September 5, after PBOC (The People’s Bank of China) and six other administrations jointly issued Statements on Guarding against Risks of Initial Coin Offerings, a number of platforms suspended new businesses of ICOs and some even halted token withdrawal services. According to incomplete statistics, up till now, many ICO platforms, including birengou, vdpax.com, 91ICO, […]

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