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March 27, 2026
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No Coins for You! Beijing Says Security Token Offerings are Illegal

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No Coins for You! Beijing Says Security Token Offerings are Illegal

Beijing’s Municipal Bureau of Finance chief, Huo Xuewen, has advised projects considering a security token offering as a means of fundraising, stating that security token offering (STO) fundraising is currently illegal in Beijing. At a wealth management forum on Saturday, he commented on the replacement of ICOs with the new concept of STOs, saying they

The post No Coins for You! Beijing Says Security Token Offerings are Illegal appeared first on CCN

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