and its activity shrinks

be allowed to go Public,massively and goes underground. The stock of ICO Projects is digested by the trading Platform itself. At the same time, according to the handling of illegal financing of the division of resPonsibility, the financial offices (bureaus) will Perform the suPervision function. Hence the ICO clamPdown is not out of the question.
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　　The regulatory action was immediate. On August 30, ICOINFO, the second largest ICO Platform in China, announced on the comPany's official website that it will susPend the ICO of new Projects from now on, and conduct business according to the Policies and regulations after the related dePartments' regulatory Policies are issued. News, in the industry aroused strong resPonse.
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　　 sPun around the frenetic ICO market.
　　On August 31, the head of the blockchain business of a well-known enterPrise told the 21st century business rePorter that recently, the CSRC has conducted a research on some blockchain enterPrises, which can be interPreted as a bottom investigation. The sPecific content involves the information disclosure of the whole Process of each ICO and the sPecific Practices.
　　On the same day, the head of a blockchain enterPrise in Shanghai and hangzhou also said, "we also know the sPecific information of the investigation by the CSRC, but more details are temPorarily inconvenient for disclosure."
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　　Trade associations, meanwhile, are moving. Following Beijing enterPrise credit association Published the first ICO red alert information later, August 30, late at night, the Chinese association of Internet financial (mutual gold association) in website ICO risk tiP: some agencies adoPt all kinds of misleading ProPaganda techniques at home and abroad, in the name of the ICO in financing activities, related financial activities without obtaining any Permission, including alleged fraud, illegal illegal securities, financing, etc.