CNBC.com China bans companies from raising money through ICOs

China bans companies from raising money through ICOs, asks local regulators to inspect 60 major platforms
Chinese regulators are about to start a campaign related to the country's initial coin offerings (ICO), according to a Caixin report
In a document, authorities said they have banned new projects that raise cash or other virtual currencies through cryptocurrencies
A list of 60 major ICO platforms were provided for local financial regulatory bodies to inspect and report on, according to Caixin
Saheli Roy Choudhury | @sahelirc
Published 3 Hours Ago | Updated 1 Hour Ago
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