China deems ICOs illegal, and it’s only the start of its digital currency clamp down
![China deems ICOs illegal, and it’s only the start of its digital currency clamp down China deems ICOs illegal, and it’s only the start of its digital currency clamp down](https://lovelymobile.news/wp-content/uploads/2017/09/bitcoin3-701x436.jpg)
China is reportedly clamping on the use of virtual currencies after banning the use of cryptocurrencies in fundraising schemes. Reports coming out of the country suggest that so-called initial coin offerings (ICO) have been deemed illegal by regulators within the People’s Bank of China. These sanctions may just be the start of the East Asian […]