China's State Media Takes Aim at Crypto Trading, ICOs

China’s State Media Takes Aim at Crypto Trading, ICOs

China’s state-own news agency appears to be stepping up its rhetoric on over-the-counter (OTC), crypto-to-crypto trading and overseas initial coin offerings (ICOs) that still remain active in the country, calling them an attempt to bypass existing regulation. In a news report published Feb. 12, the Xinhua News Agency, detailed how purchasing cryptocurrency assets through OTC channel is easily available by having reporters register on exchanges such as Huobi Pro and buy bitcoin using accessible payment tools like AliPay. As reported previously, following the ban on ICO and closure of order book trading platforms last year by the People’s Bank […]