China's Cryptocurrencies Have Gone Underground

China’s Cryptocurrencies Have Gone Underground

More on Blockchain and Bitcoin A recent report by the Wall Street Journal explores the aftermath to the Chinese government’s recent move to ban initial coin offerings and crack down on cryptocurrency exchanges. The two announcements may have been the biggest for the entire industry in the month of September, as they signaled not only a severe regulatory countermeasure adapted by a nation but also a strong reaction from digital currency markets, which plummeted in response to the news. (See more: How Might China’s Ban Affect Bitcoin? ) However, just because the state has banned ICOs and cracked down […]