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