A notice from a committee led by China’s central bank today announced an immediate ban on raising money through initial coin offerings (ICO's).
Here's the link (in Chinese).
China bans initial coin offerings as illegal fundraising
SHANGHAI/BEIJING (Reuters) - China on Monday banned individuals and organizations from raising funds through initial coin offerings (ICO), or launches of digital currencies, saying the practice constituted illegal fundraising.
Read more: Reuters.com
China bans companies from raising money through ICOs, asks local regulators to inspect 60 major platforms
Regulators are about to begin scrutinizing China's initial coin offerings — an industry worth hundreds of millions of dollars.
Read more: CNBC
China's Central Bank Declares Initial Coin Offerings Illegal
China’s central bank said initial coin offerings are illegal and asked all related fundraising activity to be halted immediately, issuing the strongest regulatory challenge so far to the burgeoning market for digital token sales.
Read more: Bloomberg
Here's how the Cryptocurrency markets respond to the news today. All coins with heavy exposure to chinese exchanges are getting sold off quickly. Especially NEO takes a big dive today.
