Chinese Investors Use Wechat Brokers to Bypass ICO Ban

China’s ICO ban has given rise to an industry of agencies providing brokerage services to Chinese investors seeking to invest in ICOs. Said cryptocurrency middle-men are reported to be promoting their services via popular social messaging app Wechat, and are charging a significant premium for the service. For example, An Hui Tian Ce Blockchain charges upward of ten percent on investments made in ICOs using its services. A representative of the agency indicated that clients make all payments in advance using Ethereum.

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