September 07 04:51
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- China's Largest ICO Issuer To Refund Buyers in Bitcoin: Bloomberg
The issuer of NEO, a cryptocurrency with a market capitalization of over $1 billion as of Thursday morning, said it would refund investors in bitcoin following a ban on initial coin offerings (ICO) in China, Bloomberg reported tody.
On Monday, China's central bank said ICOs were unauthorized activities rife with fraud, imposing an immediate ban and requiring companies to refund funds that were raised by issuing new cryptocurrency.