Speaking at an internal meeting of the Internet Finance Rectification Working Group on Monday, Pan Gongsheng reiterated that ICOs, “disguised” ICOs and crypto asset trading are illegal in the country, and represent illicit forms of fundraising and securities issuance.
Although China issued an outright ban on ICOs in September 2017, Pan said a lot of the projects that moved overseas as a result are still making themselves available in the Chinese market, according to a report from local business media source Yicai.
The report did not offer details on how the body intends to curb access to foreign ICOs and crypto trading.
In January, Pan notably pushed for wider cryptocurrency trading ban in China according to an internal memo circulated at the time.
In March, however, the platform issued a statement saying that it would monitor threads and ban those who use the platform to solicit investors in ICO tokens.
The first thing you learn when you spend too long around Bitcoin is that everyone has a chart that “always works”, and everyone has a scar from the last time it didn’t. This week’s chart is making the rounds again, it’s the one that tracks Bitfinex margin longs, and it’s flashing a familiar change in […]
The post Last time these whales did this Bitcoin surged to new highs but key data suggests messy weeks ahead appeared first on CryptoSlate.
The first thing you learn when you spend too long around Bitcoin is that everyone has a chart that “always works”, and everyone has a scar from the last time it didn’t. This week’s chart is making the rounds again, it’s the one that tracks Bitfinex margin longs, and it’s flashing a familiar change in […]
The post This Bitfinex whale “buy signal” is everywhere, but the real Bitcoin data suggests a much messier six weeks appeared first on CryptoSlate.
Solana price is showing bullish continuation after defending the 21EMA, with price structure and momentum aligning for a potential rally toward $156 resistance.
HBAR price has confirmed a double bottom reversal, with price reclaiming key support and positioning for a potential rally toward the $0.14 high-time-frame resistance.
Solana price has confirmed a bullish market structure shift after breaking a key lower-high sequence, with price action now positioning for a continuation toward $156.
Hyperliquid price remains under pressure after confirming another lower high, with bearish market structure keeping downside risk toward the $19 level in focus.
Chainlink price is holding a critical high-time-frame support zone, where a developing double bottom pattern could signal a potential macro trend reversal.
