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China Bans All Crypto Events After Spending $3 Billion to Fund Blockchain Startups

The Chinese government has banned all commercial crypto and blockchain-related events in the region, after encouraging local financial authorities to speed up the development of blockchain technology. Red Li, the co-founder of 8BTC and Chinese cryptocurrency researcher, shared a document released by the Chaoyang District government in Beijing, which ordered local financial authorities and police […]

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First China, now South Korea has banned ICOs

South Korea has banned ICOs, the up-and-coming method of raising funding via crypto tokens, due to concerns over the potential for financial scams. China’s Central Bank became the first to outlaw ICOs, which are also known as token sales, in a move made earlier this month and now Korea is following suit. Companies from across […]