‘Illegal Financial Activity’: PBoC Deputy Governor Warns Against STOs in China13.48

Security token offerings (STO) – essentially initial coin offerings which are backed by tangibles such as a company’s revenues, profits or assets – are now officially banned in China. This emerged after the People’s Bank of China (PBoC) deputy governor, Pan Gongsheng, warned those issuing STOs that they were violating the law. “The STO business

The post ‘Illegal Financial Activity’: PBoC Deputy Governor Warns Against STOs in China appeared first on CCN

Original source
https://www.ccn.com/illegal-financial-activity-pboc-deputy-governor-warns-against-stos-in-china/

Add comment

Please Sign in to be able to leave comments.