Wednesday, August 30, 2017
Chinese government should temporarily suspend ICO financing
ANBOUND
The wave of financing using the ICO virtual currency is as wide-spreading as multilevel marketing. Lacking of entry requirement, supervision, limitation, and barriers, ICO financing is different from the conventional financing, yet it also carries grave potential hidden risk and could be inflated to massive financial bubble. Anbound believes that under excessive capital, the ICO financing has impact on non-specific social public, and is becoming another "opened" underground financing. Relevant government departments should temporarily suspend the ICO financing to prevent the risk of triggering a new type of financial crisis.