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China’s Regulatory Authority Warns About Risks of Initial Miner Offerings



China's Regulatory Authority Warns About Risks of Initial Miner Offerings

National Internet Finance Association of China (NIFA) this Friday announced that IMOs (Initial Miner Offerings), represented by the token Wankebi and issued by Xunlei (NASDAQ: XNET), are ICOs in disguise and have emerged as a potentially risky model that warrants vigilance.

Also Read: Exchange Problems Mount at Kraken and Coinbase but Bitfinex Reopens Registrations

Risk Alert on Disguised ICO Activities

NIFA today released an announcement on its website warning about the risks of disguised…

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