On September 1, bitcoin cost five thousand dollars, once again updating the historical maximum. Three days later, the exchange rate began to drop sharply: the People's Bank of China declared illegal operations related to the ICO. Officials explained their decision by the fact that such placement carries financial risks, and sometimes it turns out to be fraud.

The further fall in the value of crypto-currency was again linked to China. After the ban of ICO, the Chinese business publication Caixin wrote that it would be banned in the country to trade in crypto-currencies at local crypto-exchange exchanges. Later, the world's leading business publications told the same story, but no confirmation was received.