[2017-07-24]PBOC:Bitcoin Is Not Money and ICO Requires More Info Disclosure

[hl5460]

With ICOs emerging every day, the financing tool also attracts regulatory attention. In China, PBOC will take the lead of the newly-established National Financial Stability Committee. The sheer number of money raised by ICO poses great challenge to the regulators. Sheng Songchengis a member of the Eleventh National People’s Congress, the Director of the Investigation and Statistics Department of the People’s Bank of China. In a recent interview, he reiterated that bitcoin is not a currency and ICO must be regulated appropriately.

http://news.8btc.com/pboc-official-bitcoin-is-not-money-and-ico-requires-more-info-disclosure

[xenotrunksx]

He can reiterate all he wants, the bottom line is what "the powers that be" desire currency and trade to be matters less and less each day.