Security token offerings deemed illegal in Beijing
December 3, 2018, 8:11AM EST
1 min read
Huo Xuewen, the Director of the Beijing Financial Work Bureau, said on Saturday that security token offerings (STOs) are illegal in Beijing. Xuewen also issued a warning to promoters and issuers of security tokens in the city and recommended "to only engage in such offerings when the government has legalized them." The legality of STOs is unclear in other jurisdictions of China.
The People’s Bank of China (PBoC), the country's central bank, has taken an aggressive regulatory approach since September 2017 when it banned initial coin offerings (ICOs) outright and forced some cryptocurrency exchanges out of the country. Last month, the PBoC also expressed their concern over ‘disguised’ ICOs such as airdrops. (Source: CoinDesk)
Over the past year, Binance has expanded its in-house AML detection and analytics capabilities. Based on research and analysis, as well as an understanding of cybercriminals' history and cashout tactics, Binance arrived at the conclusion that the biggest security problem in the industry today is money connected to cyberattacks being laundered through nested services and parasite exchanger accounts that live inside macro VASPs, including exchanges like Binance.com
Okcoin, which was founded in 2013, is doing something different in a crowded field of crypto exchanges: it’s going to allow clients to denominate trades in bitcoin in units of satoshi, rather than BTC. On this episode of The Scoop, Okcoin CEO Hong Fang joined host Frank Chaparro for a discussion on Okcoin’s rapid […]
Recently Huobi Wallet has made waves around the industry for launching HClaimer, a new feature that enables users to collect their staking rewards from multiple DeFi projects through just one easy click.