‘Illegal Financial Activity’: PBoC Deputy Governor Warns Against STOs in China

‘Illegal Financial Activity’: PBoC Deputy Governor Warns Against STOs in China

Security token offerings (STO) – essentially initial coin offerings which are backed by tangibles such as a company’s revenues, profits or assets – are now officially banned in China. This emerged after the People’s Bank of China (PBoC) deputy governor, Pan Gongsheng, warned those issuing STOs that they were violating the law. “The STO business … Continued

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EOS Surges 16% Over the Weekend, Eyeing Extended Gains

Despite the criticism it is receiving for being a pseudo-decentralized blockchain project, EOS is performing exceptionally well on the trading front. The EOS/USD rate during the weekend noted more than 16% surge. The upside action came in continuation of a strong bounce back from the 1.546-fiat level on Friday. The combination of Friday and weekend … Continued

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