Brief: China bans ICOs – Tech in Asia

Tech in Asia

Brief: China bans ICOs
Tech in Asia
One of the hottest new waves in tech – startups raising money via a virtual currency – has today been banned outright in China. Initial coin offerings – ICOs for short – can no longer be held in the country, and any current fundraising must be halted
MAS clarifies regulatory position on the offer of digital tokens in Singapore – Monetary Authority of SingaporeMonetary Authority of Singapore
Bitcoin Tumbles as PBOC Declares Initial Coin Offerings IllegalBloomberg
China bans companies from raising money through ICOs, asks local regulators to inspect 60 major platformsCNBC

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