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 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‚Äôs Bank of China. These sanctions may just be the start of the East Asian […]