Regulatory Commission China banking (CBRC) suggested that the regulators of the country to issue licenses for activities related to cryptocurrency assets, including ICO.

The banking regulator of China has published a document devoted entirely to normative research in the field of cryptocurrency. It summarizes regulatory practices in various jurisdictions for the management of activities related to bloccano, cryptocurrencies, their derivatives, and ICO.

Commenting on where, in their opinion, needs to move China on this issue, the authors of the study wrote:

“Currently, any capital transaction related to distributed accounts, blockchain, cryptocurrency and its derivatives, ICO and stock transactions should be treated as financial services. Therefore, they should be placed in the appropriate financial regulatory framework that could be made on legalized with license grounds”.

Recall that the Chinese authorities have banned the ICO in the country in September last year. A month later followed the actual ban cryptocurrency trading. In April the people’s Bank of China took the regulation of the cryptocurrency among its priorities this year.