China’s Central Bank Will Soon Regulate ICO’s

in #banking7 years ago

The People’s Bank of China is turning its attention Initial Coin  Offerings (ICO), seeking to regulate the new form of crowdfunding. 

 Although cryptocurrency withdrawals are back  on the big three Chinese exchanges, the People’s Bank of China (PBoC)  isn’t quite through with the cryptoworld. Now it seems like it’s going  after Initial Coin Offerings (ICOs), seeking to regulate the new  phenomena in the crowdfunding world. Chinese publication Weixin reports that Yao Qian, head of Digital Currency Research Institute at PBoC, has stated that the PBoC will soon regulate ICOs.  

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