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Category Archives: Regulation

Why China Could Be ‘Over-Protective’ of Digital Economy

Sep 8, 2017

Olusegun Ogundeji

A new report by the McKinsey Global Institute (MGI) seems to lay bare the rationale behind China’s overprotection of its digital economy especially as the Asian giant has demonstrated with cryptocurrencies. Globally, many cryptocurrency users tend to see some of the several checks and...

60% Trade Cut: Chinese Exchange Delists NEO, Others

Sep 7, 2017

Olusegun Ogundeji

One of China’s top digital currency exchanges has announced it is delisting 13 of the 20 digital assets that trade on its platform. Yunbi, which ranks behind OKCoin and Huobi only in China as the top exchanges, cites the brewing initial coin offering (ICO) ban by the Chinese governm...

Bitcoin Gains As North Korea Fires Missile, NEO Drops

Sep 1, 2017

Olusegun Ogundeji

While the Tuesday missile launch by the North Korean government has been cited as a threat to regional stability, which could be a major factor that has drawn many to find succour in Bitcoin, the news that the Chinese government is considering - for a second time - the suspension of all initia...

OKCoin CEO Host Non-public ICO Regulation Meeting in Beijing

Aug 18, 2017

Red Li

16 Aug, Beijing- A closed-door blockchain seminar was held in Beijing. Around 20 participants from the industry and local authority agree to tighten regulation on ICO and industrial self-discipline is needed at the moment. The meeting voices concern over the wild ICO market and stress th...

Chinese Lawyer Advise ICO Regulation From 6 Perspectives

Aug 16, 2017

chinabtcnews

Chen Yunfeng, Senior Partner of Zhong Lun Wende Law Firm, shares his view on ICO regulation. As Director of Internet Finance Professional Committee, Chen specializes in Internet Financial Law Business. He suggest that government, industry association, ICO issuer, investor,...

Chinese Lawyer Warns Not to Use “Token Issuance” in ICO

Aug 14, 2017

Red Li

Xiao Sa, a Chinese lawyer specialized in cryptocurrency and blockchain startups, advises ICO issuers not to use “token issuance” in ICO website or whitepaper, especially for those ICOs in China. Also an oversea foundation might not exempt the entity  from local legal jurisdictions. ...