Banned ICOs: ICOs under investigation by China – Chinese Government banned these ICOs

ICO list banned by China

Chinese government has released a list of whopping 60 ICOs that will be put up for investigation and monitoring. The letter issued by the government was sent to Chinese province of Fujian on September 2nd 2017 and it mentions issuing guidance to local government of Fujian. It demands report on ICOs, trading and exchange websites by September 4th 2017 which has already passed.

Here is the list of ICOs, as revealed by csai.cn Chinese website.

ICOGOGO
Dahonghuo.com
Chain Gold Network
International Coin Exchange Network
National Exchange Network
Coin RenGou
Coin International
ICOAGE
Investment Network
91 ICO
Big Bitcoin
Blockchain
ICOfox S
Binance
Bitcoin Mine
GOGOICO
ZhongRong Financial Capital
People Vote
Good Good ICO
Coin Invest
Blockchain Exchange Platform
Bitcoin ICO
ICO Generation
Cloud Fund 123
Ico365
All Innovation Garden
Euro Land Fundraiser
Square Investment
Money Ku
Moore Coin Network
7 Treasure Network
BTCD1
Sea Digital Exchange Center
Network United ICO
Coin Eight
Three Ants Network
Chain Valley
51 ICO Sichuang
123 ICO ChengDu
DiLiang Gold
Gold Key
Wen Blockchain
eBTCbank
Baseico
ICORaise
Icorace
Bitcoin Treasure
ICO6688
3ico
Blockchain ICO
ICOINFO
Icobank
17ICO
Aimwise
Beico
People ICO
Tookencapital
ALLCOIN
Bitcoinworld

Some of the funny ones include Big Bitcoin, Bitcoin Mine, Bitcoin ICO, Bitcoin Treasure and Bitcoinworld. Bitcoin never did an ICO. The most notable one is Binance coin which is in top 100 in terms of market cap. This news can definitely harm its value. On a positive note, it will likely spike after being cleared.

Update: Binance’s website has released a statement on this issue

“Regarding the recent announcement from China’s PBoC banning all ICOs, we are working around the clock on a solution that will fully satisfy the new regulations in China, while preserving and enhancing features that are valuable to our western community, which accounts for more than 81% of our user base. We will share more details as they become available. Please be patient as we work through this process.”

   

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