New Bitcoin Crackdown: China Witch-Hunting Any Provider of Crypto Transactions to Locals.
IEO, ICO, STO deemed illegal
Dovey Wan from Primitive Ventures writes on her Twitter page that from now on all types of fundraising for crypto projects are deemed as illegal in China. They are considered to be ‘financial fraud, pyramid schemes’.
Litecoin co-founder comments on this
The co-founder of Litecoin and Coinut exchange, Xinxi Wang, reminds the community that after China commenced the crypto clampdown two years ago, a massive bull run began. He expresses a hope that this time it will work the same way.
Last bull run was immediately after China's crackdown of crypto exchanges. What will happen this time?
— Xinxi Wang (@TheRealXinxi) November 22, 2019
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