Regulatory · September 4, 2017
China bans ICOs and shuts domestic exchanges
Price at event
$4,600
Today
$61,577
Since then
×13.4
PBOC declares all initial coin offerings illegal and orders Huobi, OKCoin, BTC China to shut down. The market drops 35% in two weeks, then doubles by November.
⸺ Sources ⸺
- primaryCoinDesk — China's ICO Ban: A Full Translation of Regulator Remarks (the actual PBOC/regulators notice, Sept 5 2017) ↗
- newsFortune — China Is Shutting Down All of Beijing's Bitcoin and Cryptocurrency Exchanges (Sept 15 2017) ↗
- newsCoinDesk — China's ICO Ban: Understandable, Reasonable and (Probably) Temporary (Sept 12 2017) ↗