The Chinese government intends to further regulate the crypto economy, according to reports from Yicai.
The news of the ban left many ICO companies seeking to return money to investors in order to remain government compliant.
The announcement cited sources close to financial decision makers within the government who indicated that the ban was just the tip of the proverbial iceberg regarding regulations on cryptocurrencies and their spin-offs.
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account owned by id thief !cheetah ban
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Okay, I have banned @steemitplayer.
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China will be a leader in the crypto world. They are just doing what they need to do.
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thanks. Dont panic. I follow You.
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Have any sources on the tip of the iceberg?
China released a white paper earlier this year for citizen to BUY Bitcoin, so aside from the ICO crackdown (which is needed to scare new ICOs straight), this Bitcoin comment could use some elaboration.
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