29 Aug '17, 11pm
Chinese Regulators Consider Crackdown on ICOs
Chinese media has reported that regulators have been considering measures designed to crackdown on initial coin offerings (ICOs) being conducted within China’s borders. Quoting several anonymous sources, Tencent has claimed that Chinese regulators are discussing measures including the imposition of limits on the fundraising targets of ICOs, the strengthening of requirements pertaining to information disclosure, and the publishing of investment risk alerts. If the proposed statutes are deemed to be inadequate, it is alleged that the PBOC may consider suspending all ICOs indefinitely.