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Today in History: It has been 8 years since China officially banned ICOs on "9/4".
BlockBeats News, September 4, 2017. On September 4, 2017, seven central ministries in China jointly announced the halt of ICO activities. On that day, the closing price of Bitcoin was $4,100, which later dropped to $2,817 on September 15, 2017.
On September 4, 2017, seven Chinese government departments issued the "Notice on the Prevention of Risks Related to Token Issuance and Financing," halting ICOs and categorizing them as illegal financial activities. All domestic cryptocurrency exchanges were ordered to close within a time limit and cease new user registrations.
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