On September 4, 2017, the People's Bank of China and six other government departments jointly issued an announcement declaring initial coin offerings (ICOs) to be unapproved illegal public financing, suspected of crimes such as illegal fundraising, and demanding that they be stopped immediately and unwound.
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老北京茶館 - 幽默時政
2026-09-24 13:21 · 老北京茶館 - 幽默時政 发布了新视频：景甜扳回一局？孫宇晨全網販賣隱私、人設翻車；習近平輸慘：結束張又俠，迎來胡錦濤馬仔！新疆泥石流遇難數字！（老北京茶館/第1728集/2026/08/28）
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虎嗅：央行等七部委联合发文，给ICO判了死刑
2026-10-07 00:03 · 今天（9月4日），中国人民银行、中央网信办、工业和信息化部、工商总局、银监会、证监会、保监会联合发布《关于防范代币发行融资风险的公告》，公告指出，代币发行融资本质上是一种未经批准非法公开融资的行为，涉嫌非法发售代币票券、非法发行证券以及非法
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Context CONTEXT
Cause
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This event
The Chinese Communist Party completely halts ICOs and brands them illegal fundraising
2017.09.04 · Official claim
Effect
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