Virtual currency offerings illegal, should be banned: insider

Initial Coin Offerings (ICOs) are “basically equal to illegal financing and should be banned as soon as possible,” according to a regulatory official quoted by Financial News, a Chinese-language newspaper run by China’s central bank. Commenting on Chinese media reports about a China Securities Regulatory Commission clampdown on ICO-related fraud and the Chinese central … http://bit.ly/2gtX6oY

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