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China financial regulators outlaw Initial Coin Offerings (ICOs)

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    China financial regulators outlaw Initial Coin Offerings (ICOs)

    Seven (7) financial regulators in China issued a joint statement this week officially banning all Initial Coin Offerings (ICOs) within the People’s Republic of China (PRC). The statement further demands that the proceeds from all past ICOs be refunded to investors or face being “severely punished according to the law.”...

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