Four ICO Startups Refund Investors Hours After China Bans Token Sales

This week China’s central bank declared Initial Coin Offerings (ICO) illegal in the country, sending shockwaves throughout the entire cryptocurrency environment. The Peoples Bank of China (PBoC) alongside government officials, stated that not only is the nature of token sales considered illicit activity, but startups who offer these tokens also need to issue refunds to…

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