China Bans Fundraising Through Initial Coin Offering ICO
Chinas central bank today announced an immediate ban on all ICO�Initial Coin Offering�fundraising, to prevent fraud and illegal fundraising. ICO is the hottest new thing in the blockchain world, which is an alternative to crowdfunding that lets a firm raise funding from multiple sources. The Peoples Bank of China (PBoC), the countrys central bank and financial regulator, has issued an
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