Cryptocurrency regulation is not recognized legal, even Chinese banks are not accepting any existing cryptocurrency and banned the currency. On September 4, 2017, the central government regulators that were the 7 popular Chinese banks, the People’s Bank of China, the State Administration for Industry and Commerce, the Cyberspace Administration of China, the Ministry of Industry and Information technology, the China Securities Regulatory Commission and The China Banking Regulatory Commission along with the China Insurance Regulatory Commission jointly announced prevention for financial risks from ICO or (Initial Coin Offerings) just for the sake of investor’s protection from the financial risk.
Read here:
https://coinpedia.org/cryptocurrency-regulation/cryptocurrency-regulation-in-china/What's your point of view on this?
