Bitcoin goes down after China bans ICOs

Bitcoin goes down after China bans ICOs

On Monday, Chinese regulators labeled initial coin offerings as illegal, thus sending a powerful blow to the latest financial-markets mania and suppressing the prices of the two major cryptocurrencies, bitcoin and ether.

China’s shocking move that included a call for fundraising activities through the digital tokens to stop right now, came after a fresh warning by the US Securities and Exchange Commission that it might consider the coins to be securities.

The regulatory maneuvering takes place because fears have surged as for initial coin offerings that have captured traders’ imagination.

China’s role in cryptocurrencies  happens to be considerable, but it’s shifting. Last year, Chinese exchanges boasted more than 90% of the entire digital-currency trading. A bit earlier in 2017, China’s major financial institution got down to imposing regulations on the exchanges. As a result much of the volume shifted to South Korea and Japan.


USD/MXN: optimistic on the vaccine coming?
USD/MXN: optimistic on the vaccine coming?

During the daily press briefing of Andres Manuel Lopez Obrador, it was announced that Mexico will receive 1.4 million doses of the vaccine by the end of January. Is that optimistic enough for the peso?

Latest news

How to trade ahead and after BOC report?
How to trade ahead and after BOC report?

The Canadian central bank will make a monetary policy report and announce interest rates on Wednesday, January 20, at 17:00 MT time. Also, the BOC press conference will be held later.

US earnings in January 2021: what you need to know
US earnings in January 2021: what you need to know

We are now past the middle of January, and this means that the largest US companies will report their earnings for the fourth quarter and many of them will provide the results of the entire 2020.

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


Manager will call your number

Correct number

Your request is accepted

Manager will call your number

Next callback request for this phone number
will be available in {time}

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera