artificial jewelry wholesale market in india Is it true that the central bank determined that ICO is a disguised illegal fund -raising?

snap jewelry wholesale south africa On September 2nd, it was reported that on August 21, the central bank's headquarters received an emergency report. The report was analyzed and clearly stated that the ICO was in disguised illegal fund -raising with the pouring supervision of the form.
I quoted lover said that the relevant people of the central bank studied a large number of ICO white papers, and the conclusion was: "90%of the ICO projects are suspected of illegal fundraising and subjective intentional fraud. In fact, it is not even 1%. "
ico is the full name of the Initial Coin Offering. The first digital tokens are issued abbreviated to the IPO (Initial Public Offering) of the stock market. That is, the project initiator can obtain financing by issuing initial tokens through blockchain technology, but the initial tokens cannot be purchased with legal currency (RMB, USD, etc.), because it violates the laws and regulations of various countries on financing and needs to be used. Bitcoin, Ethereum and other digital assets are purchased.
ico How hot? In the first half of this year, China's investment was nearly 2.6 billion yuan. Ethereum has risen by nearly 1,000 times since its distribution, and domestic tokens have increased by more than 200 times since ICO. Some ICO projects have been raised within a few hours, and some ordinary investors have continued to enter the market.
On August 29, it was learned from the person in charge of a blockchain technology enterprise that the CSRC was a few days ago with some blockchain companies to consult ICO regulatory inquiries, and they were particularly concerned about those who conducted MLM and fraud under the name of virtual currencies in the name of virtual currencies. ICO project. At present, it is at the stage of collecting opinions and discussions.
On August 30, the Economic Observation Network also learned from many parties that the ICO regulatory policy may be introduced at the end of the year, of which Beijing may be supervised in advance.
Yo Yao, deputy director of the Department of Science and Technology of the People's Bank of China and director of the Digital Currency Research Institute, wrote a few days ago that ICO is currently on the edge of legal supervision. Starting from institutional construction, ICO should be given as soon as possible. He suggested that the ICO implementation of sandbox supervision (in a "security space", fintech companies can test their innovative financial products, services, business models and marketing methods, instead of being immediately subject to regulatory rules when they encounter problems with related activities. The way of constraints).
On August 16th, Huo Xuewen, director of the Beijing Municipal Finance Bureau, also said in a closed -door meeting in an internal closed door that Internet finance, blockchain and ICO only developed in accordance with laws and regulations in accordance with laws and regulations. It will be punished.
"The National Financial Work Conference clarified that all financial activities must be included in supervision. All" activities to manage others "must be included in supervision. Blockchain innovation, Internet finance innovation, ICO innovation, but if not controlled well well, Risk, then all innovations will definitely go to its opposite side. If traditional financial risks are 1.0, Internet financial risks are 2.0, then the current blockchain and ICO risk are 3.0. "Huo Xuewen said in this meeting.