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RE: BitShares Hangout #39 - 2017-09-23 - Sat @100PM UTC - OpenSource Agenda [Beyondbit Payouts Powered by SP!]

in #bitshares7 years ago
Chinese Government's Temporary Ban on ICOs

"This week, Chinese regulators released a document which in effect has banned new projects that raise cash or other virtual currencies through cryptocurrencies. The working committee defined ICOs as “an unauthorized fundraising tool that may involve financial scams”, providing a list of 60 major ICO platforms for local financial regulatory bodies to inspect.

...

Several Chinese ICO platforms have halted services ... These actions appear to be the beginning of government intrusion, not the end. Investigations and delisting of tokens could have catastrophic effects on investors portfolios."
From Protect Yourself from the Coming Crypto Crackdown

Zhaomu ( @lzmlam ) has suggested on the BitShares DEX group on Telgram that BitShares be promoted to the Chinese community in order to highlight the decentralized aspects of the DEX.