China Officially Bans STOs

China Officially Bans STOs

The People’s Bank of China (PBoC) officially declared it is all set to ban security token offerings (STOs), which issued staunch warnings in the past few months. Pan Gongsheng, the deputy governor of the PBoC, stated that both ICOs and STOs are illegal in the nation. Before the crackdown, China was the world’s biggest hub for ICOs and digital currency transactions.

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