Too Long; Didn't Read
<a href="https://hackernoon.com/tagged/ico" target="_blank"><strong>ICOs (Initial Coin Offerings)</strong></a> have taken the startup funding world by storm — to the tune of $1.78 Billion — but not all governments are keen on allowing this much business activity to function outside of their central currency. Most notably, China’s central bank announced on its website that <a href="https://www.bloomberg.com/news/articles/2017-09-04/china-central-bank-says-initial-coin-offerings-are-illegal" target="_blank">ICOs are now illegal</a>.