Post
Topic
Board Altcoin Discussion
Re: Today's news: Chinese gov restricts Crypto again...
by
ralph_0608
on 07/02/2018, 10:53:29 UTC
Cryptocurrency-related advertisements have stopped appearing on Chinese search engine Baidu and social media platform Weibo, amidst reports of China’s government tightening cryptocurrency and Initial Coin Offering regulations on Sunday, Feb. 4.

The Financial Times of the People’s Bank of China (PBOC) was told today, Feb. 4, that China will further increase regulatory pressure on cryptocurrency exchange sites and Initial Coin Offerings (ICOs), Chinese news site Sina reported.

Seems cryptocurrency will not recover so much in a short time...
For me this is not a bad news. tighten regulatory and guidelines can reduce risk and eliminate shit coins that may victimized newbie to invest in their scam project. this is a good move to regulate crypto currency