China Central Bank Prepares To Crush Foreign ICOs Targeting Chinese Investors

[GBCrypto1]

The Vice Governor of the People’s Bank of China (PBoC), Pan Gongsheng, had harsh words for foreign initial coin offerings (ICOs) that are targeting Chinese investors.

He said, At a meeting for the Internet Finance Rectification Working Group on 9th July 2018,

    “Any new financial product or phenomenon that is not authorized under the existing legal framework, we will crush them as soon as they dare to surface.”

Read the complete story here : https://coinfrenzy.io/china-crush-foreign-icos/