Last weekend, seven Chinese financial regulators, including the People's Bank of China, have published a joint decree, criticizing crypto token sales as «an unauthorized and illegal public distribution of financial tokens,
the illegal issuance of securities and illegal fundraising, financial
The report, «Failing governance — Avoiding responsibilities», claims that European biofuel policies have driven reckless oil palm expansion in Ketapang District, West Kalimantan, resulting in
illegal issuance of development permits and land conflicts, thereby undermining governance structures.
Not exact matches
The government has since taken a number
of actions including suspending the
issuance of new licences for the small - scale mining in the country, and it has announced the retrieval
of some
illegal mining equipment, surrendered by the operators following the massive drive to clamp down on their activities.
The government through the Ministry
of Lands and Natural Resources as part
of activities to stop the menace, has temporarily placed a ban on the
issuance of licenses for small - scale mining, and directed all
illegal miners to cease the practice and evacuate from the various sites.
Government has suspended the
issuance of mining licenses until
illegal mining, also known as Galamsey, is effectively tackled, the Vice President, Mahamadu Bawumia has said.
Other responsibilities include negotiation and implementation
of international transportation agreements, assuring the fitness
of US airlines, enforcing airline consumer protection regulations,
issuance of regulations to prevent alcohol and
illegal drug misuse in transportation systems and preparing transportation legislation.
In a statement, the Chinese central bank said that ICOs are «essentially a non-approved
illegal open financing behavior, suspected
of illegal sale Tokens,
illegal securities
issuance and
illegal fund - raising, financial fraud, pyramid schemes and other criminal activities.»
Startup companies use ICOs, which are usually Ethereum - based, to raise capital money through the
issuance of new cryptocurrencies or digital tokens that can be traded online are now officially
illegal in China.
Listing on an exchange is the integral part
of the process
of facilitating an unregistered, unlawful,
illegal securities
issuance to people who are not allowed to buy.
In essence, it is a kind
of non-approved
illegal open fund raising behavior, suspected
of illegal sale tokens,
illegal securities
issuance and
illegal fund - raising, financial fraud, pyramid schemes and other criminal activities.»
One
of Venezuela's two opposing lawmaking bodies has ruled that the country's
issuance of a national cryptocurrency is
illegal under domestic law.
Risks are still there, fueled by the
illegal issuance, and even fraud and pyramid selling,» said an article published Sunday night by the People's Bank
of China - affiliated Financial News.