Author: Karly Marie

The Chinese cryptocurrency landscape has faced a seismic shift following the People’s Bank of China (PBOC)’s decision to ban Initial Coin Offerings (ICOs), labeling them as “illegal fundraising.” This move has sent shockwaves through the crypto market, forcing exchanges and blockchain companies to make immediate adjustments to comply with evolving regulations. While PBOC suggests that the ban may be temporary as the government fine-tunes its approach to blockchain innovation, companies are left with no choice but to adapt—or face extinction. Chinese Crypto Firms Scramble to Comply Exchanges Take Precautionary Measures Major Chinese crypto exchanges are already enacting changes to protect themselves…

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