#ICO is termed as "unauthorized illegal public financing" and "suspected of illegal fundraising" in the regulation paper.


https://twitter.com/redtheminer/status/904541548599164928

New ICO Halted in China, Platforms and Projects Facing Regulatory Scrutiny
update: http://news.8btc.com/new-ico-halted-in-china-platforms-and-projects-facing-regulatory-scrutiny