download

 

The Chinese cryptocurrency exchange Yunbi has announced its delisting tokens related to recent Initial Coin Offerings, due to the ICO ban in China.

Yunbi has published a message saying that the following tokens will be withdrawn from trading: QTUM, GXS, EOS, ANS, DGD, 1ST, GNT, REP, SNT, OMG, PAY, LUN, VEN. Thus, trading operations with bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, Zcash, Siacoin, BitShares will be continued and do not fall under the ban.

The decision to delist the exchange is due to the regulation tightening in China, where a few days ago the authorities called ICOs illegal financial activity and warned the trading platforms might face a possible closure if they continue to support trading operations with tokens issued within ICOs.

Furthermore, some projects decided to exclude Chinese residents from possible ICO participants. The platform for decentralized applications EOS will stop accepting funds from Chinese residents. Such a statement was issued by the block.one, EOS Development Company.

It says that “Chinese people are strictly prohibited and restricted from using the EOS Smart Contract and/or purchasing EOS Tokens.” Also block.one stressed that the EOS tokens are not securities and should not be considered an illegal method of attracting financing.