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China central bank warns investors of ICOs and virtual currency risks

Published 09/18/2018, 02:16 AM
Updated 09/18/2018, 02:20 AM
© Reuters. FILE PHOTO: A woman walks out of the headquarters of PBOC in Beijing

BEIJING (Reuters) - China's central bank Shanghai Head Office said on Tuesday investors should increase risk awareness for initial coin offerings (ICOs) and virtual currency investment and not blindly speculate in the market.

China has taken a string of steps to clamp down on the crypto-currency market, including closing exchanges and banning ICOs in an aim to diffuse online financial risks.

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