China bans ICOs

www.cnbc.com

There is no other news in cryptoworld: China has defined ICOs as an illegal fundraising tool, banning any future ICO and any trading related to them.

Since the news, the global crypto market has lost ~30bn, with Chinese tokens leading the losses. One of the most affected tokens has been NEO, a project similar to Ethereum that was gaining traction to do ICOs, and now it's not clear how it will be affected (in my opinion, it's still a great project with a strong community, but this will obviously affect them).

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