国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

China warns investors over risks in overseas virtual currency trading

Xinhua | Updated: 2018-01-29 11:02
Share
Share - WeChat
[Photo/VCG]

BEIJING - A leading Chinese Internet finance guild has warned domestic investors about risks in trading overseas "initial coin offerings" (ICOs) and virtual currency transactions.

"Investors should be alert to risks from overseas ICOs transactions as some of the transaction platforms have been shut down and others restricted from logging on," the National Internet Finance Association of China (NIFA) said in a statement. "As there are no specific regulations, overseas ICOs transaction platforms face risks in system security, market manipulation and money laundering."

ICOs allowed companies to issue "tokens," or cryptocurrencies, to investors in exchange for currencies of more liquid value such as bitcoin, without the need to follow rules associated with traditional channels such as IPOs.

Unlike IPOs, in which investors buy stocks in companies, investors in ICOs receive digital coins developed by the firms, which could appreciate in value if the companies fares well and demand for their currencies grows.

"ICOs, in essence, are a kind of unauthorized and illegal public fundraising, which are suspected of being related to criminal activities such as financial fraud and pyramid schemes," according to an earlier statement from the central bank.

The Chinese government has toughened regulation over bitcoin and other digital cryptocurrency to rein in financial risks, with exchanges closed and trading halted.

Last September, authorities ordered a ban on ICOs and shut down all virtual currency exchanges in the country, as the rapidly expanding market, attracting both innovators and scammers, spawned concerns over financial risks.

"NIFA members should enhance self-regulation and refrain from organizing or participating in speculation of ICOs or any other virtual currency transactions," the statement said.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
抚顺县| 广西| 大方县| 长寿区| 靖江市| 特克斯县| 聂拉木县| 南昌市| 永宁县| 武宁县| 丰原市| 佛坪县| 嘉善县| 日喀则市| 安达市| 双流县| 海兴县| 肥城市| 高陵县| 乌拉特中旗| 孟连| 浙江省| 沂水县| 凯里市| 霍城县| 喀喇沁旗| 商丘市| 北海市| 苗栗县| 论坛| 长兴县| 茌平县| 余庆县| 高陵县| 游戏| 兴安盟| 青浦区| 七台河市| 桓台县| 祁门县| 南康市|