April 10, 2021

Chinese ICOs in Cayman Islands seeks overseas fundraising, new chance or new scam?

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From 8BTC More and more Chinese ICO projects are seeking fundraising overseas as prohibitive regulations over bitcoin and ICOs tightens. To bypass strict surveillance, these ICO projects have rejected direct private funding from Chinese individual investors, and turned to offshore foundations for fundraising, as reported by 21st Century Business Herald, a Chinese business news outlet. […]