Blockchain & Crypto reporter. China-based, delivering first-hand industrial events happening in East Asia to the English world.
The Chinese crypto market took another blow today on Dec. 8th, with the deputy governor of the central bank PBoC declaring Security Token Offering (STO) as “illegal financing.”
BTCKING555, a self-proclaimed freedom fighter for information in the blockchain sphere following Bitfinex’ed, started a raid attack on Bitmain, which is already in hot water.
As a bombshell in the weakening community amid a persistent bear market, a high-ranking officer in Beijing concreted a regulatory stance on the burgeoning STOs (Security Token Offering) — they will be treated as “illegal…