Fintech

China Bans Initial Coin Offerings

China Bans Initial Coin Offerings

The People’s Bank of China and six other national ministries and commissions have banned initial coin offerings (ICOs) and declared that they are illegal, the bank said online yesterday.

Sep 5, 2017
Xu Wei
Monthly Transactions Below USD30 Billion for Three Straight Months in China Portend Peril for P2P  Lenders

Monthly Transactions Below USD30 Billion for Three Straight Months in China Portend Peril for P2P Lenders

As regulation stiffens, China’s emerging online lending industry is also facing huge pressure from operations. The monthly transaction volume of China’s online…

Sep 4, 2017
Yin Yi
[Exclusive] Chinese Regulators Rush to Investigate ICO Platforms

[Exclusive] Chinese Regulators Rush to Investigate ICO Platforms

Chinese regulators are monitoring local initial coin offering platforms as requested by the central government, with some authorities ready to…

Sep 4, 2017
Liu Jia
Chinese Authorities Are Still Discussing Supervision of ICO Platforms, Regulatory Official Says

Chinese Authorities Are Still Discussing Supervision of ICO Platforms, Regulatory Official Says

Chinese authorities are still deliberating the supervision of Initial Coin Offering platforms.

Sep 4, 2017
Xu Yanyan
E-Commerce Can Help Manufacturers Boost Revenue and Profit, Report Says

E-Commerce Can Help Manufacturers Boost Revenue and Profit, Report Says

Chinese e-commerce has a correlation coefficient of 0.709 for boosting manufacturers’ revenue and profit, meaning each USD150,000 (CNY1 million) investment producers…

Sep 4, 2017
Zhang Xia
Chinese Blockchain Platform ICOINFO Suspends Its Initial Coin Offering Business

Chinese Blockchain Platform ICOINFO Suspends Its Initial Coin Offering Business

Chinese blockchain platform ICOINFO suspended its Initial Coin Offering business, and will resume activity after regulators have introduced relevant policies.

Aug 31, 2017
Dou Shicong
Regulators to Issue Cryptocurrency ICO Policies by Year-End, Consider Beijing as Pilot City

Regulators to Issue Cryptocurrency ICO Policies by Year-End, Consider Beijing as Pilot City

Regulators may issues policies on initial coin offerings (ICOs), the subject of much market attention recently, by the end of…

Aug 31, 2017
Tang Shihua
National Internet Finance Association of China Urges Its Members to Be Mindful of ICOs

National Internet Finance Association of China Urges Its Members to Be Mindful of ICOs

After the Beijing P2P Association issued an Initial Coin Offering risk warning to its members, the National Internet Finance Association of China released a similar document.

Aug 31, 2017
Tang Shihua
CSRC Is Soliciting Opinions on ICOs, Head of Blockchain Technology Firm Says

CSRC Is Soliciting Opinions on ICOs, Head of Blockchain Technology Firm Says

The China Securities Regulatory Commission has recently solicited blockchain companies’ opinions on ICOs (Initial Coin Offerings), is collecting them and…

Aug 30, 2017
Zhou Ailin
Popularity of Initial Coin Offerings Continues to Soar

Popularity of Initial Coin Offerings Continues to Soar

Initial coin offerings have begun to gain traction recently and regulators are looking to ramp up supervision after some cryptocurrencies…

Aug 29, 2017
Yin Yi

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