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Quick Thoughts Recent China ICO Ban and Crypto-exchange Shutdown
By ProButterfly  •  October 6, 2017
by: Tam Ging Wien All examples and stocks quoted here in this article and on the ProButterflyTM site are for learning purposes; it does NOT constitute financial advice or a Buy/Sell recommendation. Contents are reflective of personal views and readers are responsible for their own investments and are advised to perform their own independent due diligence and take into their own financial situation. If in any doubt about the investment action you should take, you should consult a professional certified financial advisor. China’s central bank, The People’s Bank of China (PBOC) became the first country to outlaw ICOs or short for Initial Coin Offerings. South Korea has followed suit days after China. Countless other governments such as Singapore, Hong Kong, the US and UK have issued public warnings regarding ICOs. ICOs are similar to IPOs. In an IPO a company raises funds from the public and list its stock on ......
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By ProButterfly
Tam Ging Wien has been an avid equities and real estate investor for over 10 years. His passion for financial education and training stems from a desire to help others help themselves achieve financial freedom. In 2017 he published his first book entitled REITs to Riches: Everything You Need to Know About Investing Profitably in REITs.
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