Sentences with phrase «illegal issuance of securities»

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

Not exact matches

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.»

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.»