Chinese Blockchain Association Issues Protocol to Regulate ICOs

Six Chinese blockchain organizations have discharged a joint convention intended to oversee money related dangers for beginning coin offerings (ICOs) in China.   Six Chinese blockchain organizations have discharged a joint convention intended to oversee money related dangers for starting coin offerings (ICOs) in China. The joint convention, ‘Guiyang Blockchain ICO Consensus’, was proposed by Guizhou Blockchain Industry Technology Innovation Alliance, Zhongguancun Blockchain Industry Alliance, Blockchain Finance Association, Guiyang Blockchain Innovation Research Institute and two other anonymous substances, as indicated by a report from the China Money Network. There are right now 43 stages in China that give ICOs. The most, of which, are situated in Guangdong, Shanghai and Beijing, which represent more than 60 percent of the aggregate number of stages. SEC Cracks down on ICOs Strangely, the arrival of the Chinese ICO convention comes when the U.S. Securities and Exchange Commission (SEC) declared yesterday in a report that DAO tokens are a security and that they ought to be managed. As per the report, The DAO was a… View All ….“Chinese Blockchain Association Issues Protocol to Regulate ICOs”