Published On: Fri, Feb 9th, 2018

China’s Stricter Regulatory Stance on ICOs Signal Caution, Not Calamity

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On February 4, 2018, at 10:10 p.m. China Standard Time, Financialnews, a rather small news agency under the administration of China’s central bank, the People’s Bank of China (PBOC), released an article that explicitly stated that “China will continue to watch virtual currency and activities related to it closely, and will take actions including shutting down commercial presences and exchanges within China’s territory to uphold China’s financial stability.”This is the first time that China has sent a regulation signal to the public through an official channel since September 4, 2017, when the PBOC, …

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