Mr.Huo Xuewen, chief of Beijingâ€™s Municipal Bureau of Finance, issued warning against investment in STO in Beijing. STO is similar to an Initial coin offering(ICO) used to raise funds plus enables holders to share the profits of a company based on an underlying asset. But authorities say new financial product without any legal framework will not be encouraged.
Security token offerings (STOs) are illegal, at least in BeijingIncryptsDec 04, 20180
Feb 18, 2020
Feb 13, 2020