Report: China Regulators Considering New ICO Limits

Crime, FinTech, ICO News, Investing, News, Regulation | August 30, 2017 By:

A Chinese news service is reporting that China’s regulators have met to discuss growing concerns about the initial coin offering (ICO) market.

China’s regulators have been scrutinizing cryptocurrency and its exchanges since late last year, increasing the pressure in early January by limiting withdrawals at the exchanges and raiding several businesses to make sure they were complying with money-laundering rules.


China Exchanges Used Client Funds for Own Gains, Report Claims

Crime, FinTech, Investing, News, Regulation | August 22, 2017 By:

A Chinese news agency has reported that bitcoin exchanges Huobi and OKCoin invested client funds into risky financial instruments for their own gain.

The state-owned Xinhua Agency newswire reported late last week that Huobi and OKCoin collectively put a billion yuan (about $150 million US) in idle client funds into high-yielding but risky wealth management products.


China Investment Restrictions Could Hurt Blockchain and Cryptocurrency Companies

Announcements, Blockchain, FinTech, Innovation, News, Regulation | August 21, 2017 By:

China will limit its domestic companies from future foreign investments in a range of intellectual properties and companies, citing concerns over rising debt levels.

Late last week, China’s State Council, effectively its national cabinet, issued a declaration that limits overseas investments in entertainment,