Why China Is Cracking Down on Cryptocurrencies and ICOs

China initiated a harsh crackdown on cryptocurrencies in early September, part of a broader toughening against financial risk and increased regulatory vigilance on new financial products. Initial Coin Offerings (ICOs) are now banned, a necessary action at present to protect investors from fraud and maintain financial stability in the short term. The ban is likely to be … http://bit.ly/2AiJpOi

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