Chinese Regulators to Crackdown on Recent ICOs
Is this the start of crackdown on all Chinese ICOs? So says the copy of an urgent notice from the Chinese government to the Office of the Fujian province dated Sept 3. The post further states that immediate action should be taken to clean-up recent ICO activities which are construed as illegal fund-raising in disguise leading to huge price speculation. A report on ICOs, trading and exchange platforms is to be submitted to the government by Sept 4.
Source: http://m.csai.cn/ico/1248168.html
I have translated and attached the list of 60 Chinese ICOs named below.
COGOGO
Dahonghuo.com
Chain Gold Network
International Coin Exchange Network
National Exchange Network
Coin RenGou
Coin International
ICOAGE
Investment Network
91 ICO
Big Bitcoin
Blockchain Network
ICOfox
Binance
Bitcoin Mine
GOGOICO
Coin Fundraiser
ZhongRong Financial Capital
People Vote
Good Good ICO
Coin Invest
Blockchain Exchange Platform
Bitcoin ICO
ICO Generation
Cloud Fund 123
Ico365
All Innovation Garden
Euro Land Fundraiser
Square Investment
Money Ku ICO
Moore Coin Network
7 Treasure Network
BTCD1
Sea Digital Exchange Center
Network United ICO
Coin Eight
Three Ants Network
Chain Valley
51 ICO
123 ICO
DiLiang Gold
Gold Key
Wen Blockchain Group
eBTCbank
Baseico
ICORaise
Icorace
Bitcoin Treasure
ICO6688
Blockchain ICO
ICOINFO
Icobank
17ICO
Aimwise
Beico
People ICO
Tokencapital
ALLCOIN
Bitcoinworld
There have been news that the Chinese regulators will take measures to the ICO industry. China Central Bank and the SFC are said to have participated in the ICO regulatory program research, the program will be based on "illegal financial institutions and illegal financial business activities to curb the approach" (State Council Decree No. 247). With these banning measures, what then, is the future of ICOs in China?
Some opinions have claimed this to be positive for blockchain company Onchain and their project Antshares recently rebranded as NEO and this crackdown could force all future ICOs to only run on NEO's blockchain.
Perhaps this is a good time to accumulate some.