Tighter monetary regulation targets risks from crypto-assets
By Chen Jia | China Daily | Updated: 2019-01-07 07:27
When a geek's game turns into an investment tool for the public, it is time for the regulators to walk in.
Financial regulators across the world are watching with bated breath every time investors in crypto-assets incur sharp losses or post unreal profits.
The year 2017 saw more than $4 billion being raised through initial coin offerings or ICOs around the world. That figure outstripped what blockchain startups raised through the more traditional channels like venture capital. Global investors called 2017 "the year of the token".
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