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…

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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…

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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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