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.
Monero price remains in a blue-sky breakout after clearing the $670 Fibonacci extension, with strong momentum keeping the next upside target near $930 in focus.
PEPE price is holding the 21 EMA as support after a key flip, signaling early reversal conditions and increasing the probability of a bullish continuation if volume confirms the breakout.
Ethereum price is rejecting near $3,400 as daily bearish divergence forms and volume fades, increasing the probability of a corrective move toward $2,800 high-time-frame support.
Bitcoin price has broken above range-high resistance, but weak follow-through volume is raising failed auction risk and increasing the probability of rejection back toward range support.
Bitcoin (BTC) nearly touched $98,000 overnight before settling around $96,000, up roughly 5.5% over recent sessions. The rally reignited a familiar question: is this the setup for a sustained move above $100,000, or another fragile push built on thin order books and positioning games? Glassnode's latest analysis reveals a nuanced picture, where mechanical positioning drove […]
The post Bitcoin just touched a critical price point but this order book signal suggests the move to $100k might backfire appeared first on CryptoSlate.
Solana price is flashing bearish divergence at $146 range-high resistance, signaling weakening momentum and increasing the probability of a pullback toward lower range support levels.
