Official: China Ban on ICO is Only Temporary
China Ban on ICO is Temporary, Licensing to be Introduced: Official
During an interview with state-owned national television network CCTV-13, Hu Bing, a researcher at the Institute of Finance and Banking, a Chinese government-supported academic research organization, claimed that the government’s ban on initial coin offerings (ICOs) is only temporary.
More importantly, Bing emphasized that the Chinese cryptocurrency community must understand that the government has not “forbidden” ICOs but instead “paused” them, demonstrating the government’s intention to resume ICOs in the near future. Bing also noted that the Chinese government and its financial regulators are currently considering the potential of allowing ICOs to raise money in a controlled environment, through a licensing program.
The whole article can be read at https://cointelegraph.com/news/china-ban-on-ico-is-temporary-licensing-to-be-introduced-official
Good end of the weekend (official) news!
If the banning of ICOs was the reason for the drop last week, then this should send BTC and other coins upward.
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Yep. It's already doing that.
Thanks for posting. I've been looking for more info on this.
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