South Korea Bans Initial Coin Offerings – Cryptocurrency Businesses May Be Next

ICO, Investing, News, Regulation | September 30, 2017 By:

South Korea’s Financial Services Commission said Friday that it plans to ban initial coin offerings (ICOs), citing the need to control virtual currencies.

Domestic violators of the ban will be subject to undetermined “stern penalties.”  Reports did not indicate if the ban is immediate or will require established companies funded by ICOs to be unwound over time.

 Read more  »

China Continues To Unwind ICOs and Close Exchanges – But Some Investors Balk

Blockchain, Crime, FinTech, ICO, Investing, News, Regulation | September 25, 2017 By:

China’s CCTV news has reported that 17 exchanges in Shanghai are halting trading in cryptocurrency. The move continues the crackdown by Chinese regulators on exchanges and initial coin offerings (ICO) that began earlier this month.

Complicating the process is word that some overseas clients are refusing refunds,

 Read more  »

Reports: China To Close Its Domestic Crypto Exchanges

Blockchain, Crime, FinTech, ICO, Innovation, Investing, News, Regulation | September 11, 2017 By:

Reports are multiplying that China is about to shut down its domestic cryptocurrency exchanges. The move follows a decision by regulators last week to ban initial coin offerings (ICO).

On Monday, Bloomberg News and the Wall Street Journal followed an initial report by China’s Caixin news service that regulators have ordered a halt to all digital currency trading platforms in the country.

 Read more  »