Bitcoin takes a hit as China bans cryptocurrency offerings

in china •  7 years ago 

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The People's Bank of China banned initial coin offerings -- raising funds by launching new digital tokens -- following a series of investigations, it announced Monday. There was no mention of cryptocurrencies such as Bitcoin or its rival Ethereum, but the announcement sent stocks sliding anyway.

Read here: https://www.google.com.ph/amp/s/www.cnet.com/google-amp/news/bitcoin-takes-a-hit-as-china-bans-digital-tokens/

china banned bitcoin cause deflates
7 years ago by

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