Bitcoiner.Today: China gives definitive NO and the market suffers
We were attentive to what would decide the Central Bank of China after the immense rain of ICOs that according to the regulators of the country could be in breach of regulations. Today we wake up knowing that China’s central bank views the ICOs as illegal and called for all related fundraising activities to stop immediately. The statement, led by the Central Bank of China, today announced an immediate ban on the financing of ICOs on the grounds that it has “seriously altered the economic and financial order.” In 90 percent of the ICOs projects are suspected of illegal fundraising and intentional fraud, as a result, we have the gradual fall of the prices of altcoins that have at the same time resulted in a small crash.
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