As former UBS chief technology officer and leading blockchain expert Oliver Bussmann recently said, «ICO as a new business model leveraging blockchain technology will sustain as the digital way, combining crowdfunding and [a] new hybrid asset class of equity ownership and currency.&raqu
As former UBS chief technology officer and leading blockchain expert Oliver Bussmann recently said, «
ICO as a new business model leveraging blockchain technology will sustain as the digital way, combining crowdfunding and [a] new hybrid asset class of equity ownership and currency.&raqu
as a
new business model leveraging blockchain technology will sustain
as the digital way, combining crowdfunding and [a] new hybrid asset class of equity ownership and currency.&raqu
as the digital way, combining crowdfunding and [a]
new hybrid
asset class of equity ownership and currency.»
Supporters of
ICO offerings were dismayed
as the world's 2nd largest economy closed its doors to the
new asset class, many cited the actions by the PBOC to be reasonable and view the news
as good for anti-scamming activities and also
as temporary.
While China has, in the past, had tightly controlled potential exits for capital leaving the country,
ICO entrepreneurs remained optimistic
as the country with the largest population of bitcoin miners sought to crackdown on the
new asset class.