November 3, 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

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