Chinese Blockchain Conferences Cancelled In Fear of ICO Crackdown

Chinese media has reported that the People’s Bank of China (PBOC) has determined the majority of initial coin offerings (ICOs) to be in violation of fundraising laws, prompting the cancellation of at least one major cryptocurrency event previously scheduled for September. The report has emerged following recent revelations that the PBOC has been in discussions regarding regulatory measures designed to curb the proliferation of ICOs in China.