China Press: China's virtual coin fundraising ban just the start of tighter regulations

Dhwani Mehta FXStreet

On Tuesday, the Chinese financial news outlet Yicai reported citing sources that China is on track to further tighten rules on virtual/ crypto currencies after regulators on Monday banned virtual coin fundraising schemes, Reuters reports.

According to cryptocurrency analysis website Cryptocompare, in total, $2.32 billion has been raised through ICOs globally, with $2.16 billion of that being raised since the start of 2017.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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