Analysis

China's ICO Crackdown Clouds Efforts At Global Consistency

Law360, New York (September 12, 2017, 9:33 PM EDT) -- Going against the more measured approaches taken by several other countries, China’s ban on initial coin offerings is a stance that complicates the global regulatory landscape for these digital “token” sales, experts say.

The Chinese crackdown on ICOs, which has been followed by reports this week that Chinese authorities are also preparing to shut down all bitcoin exchanges in an effort to prevent capital from fleeing to digital currencies, stands apart from the positions many regulators around the world have taken on the burgeoning space....
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