» » China bans Initial Coin Offerings calling them ‘illegal fundraising’

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 […]

The post China bans Initial Coin Offerings calling them ‘illegal fundraising’ appeared first on Sri Lanka News - Newsfirst | Breaking News and Latest News provider | Political | Sports | International | Business.


Subscribe to: Post Comments (Atom)