China’s Regulatory Authority Warns About Risks of Initial Miner Offerings (news.bitcoin.com)

National Internet Finance Association of China (NIFA) this Friday announced that IMOs (Initial Miner Offerings), represented by the token Wankebi and issued by Xunlei (NASDAQ: XNET), are ICOs in disguise and have emerged as a potentially risky model that warrants vigilance.
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Former SEC Commissioner: Initial Coin Offerings “Open and Notorious Violation” of Law (news.bitcoin.com)

“ICOs represent the most pervasive, open and notorious violation of federal securities laws since the Code of Hammurabi,” an outraged former commissioner of the Securities and Exchange Commission (SEC) told the New York Times in a recent interview. And at least this much is true: regulators around the world find it maddening that a multi-billion USD

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