Chinese Government Official Warns of ICO Fraud

Xuewen Huo, Chief of Beijing Municipal Bureau of Finance, delivered a speech at the Museum of Fintech in Beijing to warn investors of ICO scams. In his speech, Huo asked nine questions regarding the reasons why the Chinese government had to ban ICOs.

  1. What is blockchain, Bitcoin, ICO, and tokens?
  2. What is its value?
  3. Where is its value from?
  4. Will blockchain technology change the world?
  5. What is decentralization?
  6. Can blockchain replace conventional exchanges?
  7. Are cryptocurrencies safe and reliable?
  8. How is ICO invented? Is ICO reliable?
  9. Are ICO listings legal?

Read the answers

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