China bans companies from raising money through ICOs, asks local regulators to inspect 60 major platforms:
https://www.c[Suspicious link removed]m/2017/09/04/chinese-icos-china-bans-fundraising-through-initial-coin-offerings-report-says.html
Source : CNBC news
This is going to impact the crypto-coin market over the next few days (in negative ways). Watch out!
Thanks, SCeeYong. I read that too. ICOs as they are currently structured are of serious concern to regulators. They are good for the insiders but extremely risky for the average investors, with no consumer protections. ICO is great as an alternative funding tool when done side by side with legitimate crowdfunding. However it is much more difficult and expensive. None the less, that is what I support and believe will lead to. Meanwhile, those who can or dare continue to exploit ICOs to rake in a boat-load of quick monies. I agree with you "Watch out!"