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独家|ICO纳入互金风险专项整治 99号文启动清理整顿金融频道财新网

Chinese ICOs: China bans fundraising through initial coin offerings, report says

Were You Planning On Doing An ICO In China?
According to CNBC, Seven government administrations including the People's Bank of China, China Securities Regulatory Commission, China Banking Regulatory Commission and China Insurance Regulatory Commission issued a joint statement (中国人民银行中央网信办工业和信息化部工商总局银监会证监会保监会关于防范代币发行融资风险的公告) where they reiterated that ICO's are unauthorized illegal fund raising activity.

China’s central bank said initial coin offerings are illegal and asked all related fundraising activity to be halted immediately.

While I hate to take China's side on this (because I love cryptocurrencies), I have to think that they are doing this because they want to protect their citizens.

The reality of the matter is that most ICO's are complete garbage, and the uneducated populous ends up getting taken advantage of because of the perpetual hype storms.

Just to clear up the any confusion,

the ban is not on cryptocurrency, the ban is on companies that raise funds using ICO's (Initial Coin Offerings).

The TL;DR is that due to how the markets react to such news you might be holding some damn heavy bags for a while, but the world isn't over.

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Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.
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Ethereum (ETH)

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_{Ethereum Project}

Dash (DSH)

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_{Dash Official Website | Dash Crypto Currency}

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Augur (REP)

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中国！ 欢迎您的加密！Your ICOs are Welcome in Budapest!

中国！ 欢迎您的加密！