China | CoinDesk

China Outlaws ICOs: Financial Regulators Order Halt on Token Trading

New statements from China's financial regulators call for a halt on all token trading and for the commencement of customer refunds.

Reports from anonymous sources in China indicate the country's top financial regulator may be close to cracking down on initial coin offerings.

By Chuan TianSep 2, 2017

An organization representing the interests of online finance firms in China has issued a warning on initial coin offerings.

Representatives from the People's Bank of China are now visiting the US in an attempt to get up to speed on blockchain tech and regulation.

Reports from China suggest regulators may be close to taking action against entrepreneurs seeking to launch domestic token sales.

By Chuan TianAug 29, 2017

China UnionPay hopes to patent a system for connecting a network of ATMs using blockchain tech, public records reveal.

The executive branch of China's government has released new rules on fundraising that could lead to closer oversight of initial coin offerings.

By Chuan TianAug 25, 2017

Chinese manufacturer Midea Group is trying to patent a way to build bitcoin mining chips into everyday household items, according to public records.

Chinese conglomerate Fosun Group has invested in Shanghai blockchain startup Onchain.

While Ripple has denied any short-term partnerships with Alibaba – a deal between the two firms could be in both companies' best interests.

By Noelle AchesonAug 21, 2017