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What does ICO regulatory policy refer to (is ICO legal in China)

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<img src='https://img.doulai.com/pic/enpic.php?k=What is the ico regulatory policy. This policy stipulates the implementation of appropriate restrictions on companies that issue and sell blockchain technology, as well as other companies related to it. In addition, it also includes measures such as prohibiting the sale, sale, or provision of tokenized encrypted assets to investors; And participants are also required to remain anonymous. What does ICO regulatory policy refer to The ICO regulatory policy refers to the requirement that any form of virtual product financing activity conducted within the United States must comply with legal requirements and comply with exemption systems or rules, which will apply to all types of companies or funds. ICO is usually defined as a new investment tool because it has different characteristics. Therefore, for those who have not registered as investment companies, if they do not agree to such exemptions, they cannot accept it as a means of payment However, in addition to ICO, many financial service providers also need to comply with relevant regulations. This enables them to operate their business in compliance while also receiving tax incentives Is ICO legal in China? The issuance of ICO is actually a way to raise funds. In the traditional securities market, it usually involves first time token sales (STO). However, with the development of blockchain technology and the widespread application of cryptocurrencies, there have also been some issues with the attitude towards ICO in China Firstly, according to Chinese laws, conducting ICO and related transactions within the territory of China is an illegal and irregular activity; Enterprises engaged in both ICO and investment in virtual currencies shall cease to raise capital from market entities within ten working days from the date of receipt of the notice; In addition, due to the uncertainty of China's regulatory policies for ICO, ICO is currently in the preliminary pilot stage and it is not recommended to conduct business or participate in business management activities through such means. Therefore, there are certain difficulties in the standardization of ICO and ICO, so it is necessary to carefully prevent its risks. (Caijing Net)

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