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Within days, more than forty ICO platforms ceased operating in China

This happened after the country was banned from conducting initial offers of coins.

08.Sep.17 2:47 AM
By Abigail Richards


Within days, more than forty ICO platforms ceased operating in China
Over a period of several days, more than forty ICO platforms ceased operations in China. So, according to the ForkLog magazine, within days after the decision of China's financial regulators to ban the initial offering of coins, over forty different ICO platforms ceased to operate on the territory of the country.

It is noted that almost immediately after the introduction of an official ban, many ICO-platforms suspended registration, while others decided to limit the possibility of carrying out various operations that are related to the ICO. It is known that banks, which previously cooperated with ICO-platforms, fell under the restrictions, to a greater extent.

The user of the social network Twitter under the nickname cnLedger in his post noted that now many Chinese exchanges, even large ones such as Yunbi and Bter, began to remove from the listing the tokens issued during the ICO.

Recall, the Chinese government issued an order banning the ICO in the country.

By the way, the abbreviation ICO stands for Initial Coin Offering, that is, the initial placement of coins (tokens). During the ICO, the project team sells digital tokens for crypto-currencies or fiat money to

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