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China Central Bank Advisor: “Investors should be careful with ICO”

An advisor to China’s central bank, Sheng Songcheng said that investors should be careful when investing in ICO, YiCai Global news portal reports.

According to Sheng Songcheng, regulators must provide legal protection for investors by developing uniform standards for companies planning ICO.

“The current problems with ICO are mainly related to the lack of common standards and disclosure procedures. Some projects attract so much attention that they are not subject to effective control after the financing stage,” says the advisor.

He also added that states should warn business community about the risks associated with the initial placement of cryptocurrency tokens.

“Time will tell how popular blockchain and other financial technologies will become. Therefore, there should be soft regulation of this sector in order not to block innovation,” says Sheng Songcheng.

This June, Yao Qian, the head of Digital Currency Research Institute at PBoC, said that the main PRC's regulator is going to coordinate all ICOs in the country.

December 7, 2017

InterContinental Malta

St George`S Bay, St Julians

Malta will become the hub of the fintech industry in Europe!

Three intensive conference sections:

• Blockchain solutions in practice

• ICO trends

• Panel discussion: Legal and Regulatory Challenges in Blockchain

Our participants are entrepreneurs and experts in legislation, blockchain developers, investors, startup founders, bitcoin enthusiasts, financial specialists and bankers, lawyers, representatives of payment systems.


Why you should attend:


• 20 Top-notch Speakers and many industry experts;

• extensive business program of the Conference;

• 3 intensive conference sections;

• best well-known Sponsors;

• more than 16 outstanding Exhibitors​​​​​​



We will be glad to see everyone at Blockchain & Bitcoin Conference Malta 2017!