The Traderszone Network

Published in TZ Latest News 28 August, 2017 by The TZ Newswire Staff

China Is Planning ICO Crackdown, Threatens Life In Prison For Crypto Fund Fraud

Earlier this year, Chinese digital currency exchanges temporarily halted customer withdrawals to upgrade their AML controls at the behest of financial regulators. The halt, which lasted for months, caused a temporary chill in the local bitcoin market, causing China to forfeit its position as the world’s largest bitcoin market. Now, Chinese regulators have signaled that they intend to stage a similar crackdown on initial coin offerings, the latest blockchain-related investing craze.  

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