China ICO Ban Sparks Startups’ Exodus to Japan for Token Listings

China ICO Ban Sparks Startups’ Exodus to Japan for Token Listings

Japan’s biggest bitcoin exchange Coincheck has been receiving “hundreds of requests” from Chinese startups to list their tokens following China’s blanket ICO ban. Tokyo-based Coincheck, Japan’s largest bitcoin exchange by trading volume, is being inundated with requests from Chinese companies for token listings on its exchange. Initial coin offerings, or ICOs, are a radical new form of fundraising wherein companies sell crypto tokens to investors in exchange for capital via cryptocurrencies, typically bitcoin or ethereum’s ether.

Breaking – South Korea Bans Initial Coin Offerings: Report

South Korea has banned initial coin offerings (ICOs), according to reports from local media sources. South Korea Bans Initial Coin Offerings: Report As reported by regional news sources News1 Korea and JoongAng, the South Korean Financial Supervisory Service (FSS) decided to ban initial coin offerings during the September 29 meeting of its cryptocurrency task force in Seoul.

NEO Founder: Government Collaboration ‘Possible’

NEO founder Da Hongfei spoke with regulators prior to China’s ICO ban to confirm that the NEO project was developing as originally communicated to the government. Da disputed rumors that China will ban cryptocurrency mining and stated that he believes a collaboration with the government is “possible” in the future. The NEO founder himself made this revelation in an interview with Dutch financial publication Het Financieele Dagblad.

NEO Founder Da Hongfei Advised China on ICO Ban; Govt. Collaboration ‘Possible’

Chinese regulators consulted with NEO founder Da Hongfei prior to the bitcoin exchange and ICO ban. Da disputed rumors that China will ban cryptocurrency mining and stated that he believes a collaboration with the government is “possible” in the future. NEO Founder Advised Regulators on Exchange & ICO Ban The NEO founder himself made this revelation in an interview with Dutch financial publication Het Financieele Dagblad.