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What does ICO regulatory policy mean (is ICO legal in China)

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What does ICO regulatory policy mean (is ICO legal in China)

What does ICO regulatory policy mean? According to China’s laws and regulations, what does ICO regulatory policy mean? Usually, it can be understood as prohibiting the public issuance or sale of virtual currency abroad. Generally speaking, these regulations are applicable to certain fields, such as games, art, and music. But for startups that are not widely accepted or recognized, such restrictions are actually not new. However, due to the varying attitudes towards ICO in China and the tendency towards certain restrictions, this restriction is actually equivalent to not allowing any form of ICO behavior overseas Therefore, it can be said that the ICO regulatory policy refers to prohibiting the US government from taking mandatory measures against ICO to regulate the development of its projects. And this approach represents a change in the regulatory attitude and related policy formulation methods of the United States

Is ICO legal in China

ICO (Initial CrowdOffering) is a new way of financing through fundraising and selling equity, which is essentially a new form of currency. In China, the attitude towards ICO has always been cautious and conservative, as due to the current strict level of regulation and the large number of ICO projects involving a large number of investors, the legality of ICO is not high or illegal and criminal activities such as suspected illegal business operations often occur. “ICO” refers to the initial issuance of coins or tokens (ICO), which is the act of investing abroad with the aim of enabling investors to obtain returns and profit from it; And “ICO” (Initial Digital Asset Trading), crowdfunding, and private equity funds are all aimed at the application of blockchain technology itself, mainly applied in the field of encrypted digital finance.

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