Not too long ago, Chinese regulators voiced their concerns regarding cryptocurrency ICOs and the amount of money that companies have raised through those events. There is plenty of reason to be concerned over the lack of regulation, as most of these companies do not have a license to issue securities.
It now appears the Chinese regulators are seeking to warn the public about the risks pertaining to ICOs. They are advising the general public to report any suspicious ICO activity to the police. Things are not looking good for ICOs in China.
Various governments around the world have not taken too kindly to the concept of cryptocurrency ICOs. Given the huge amount of money raised by projects without regulations or licenses in place, there is valid reason for concern. Some of these ICOs may pose a genuine risk to investors.