China's Internet Finance Association Warns on 'Initial Miner Offerings'

China's Internet Finance Association Warns on 'Initial Miner Offerings'

9
0
SHARE
This post was originally published on this site

Source: Coindesk.com

A self-regulatory organization in China is warning about a new kind of mining-focused cryptocurrency offering.

The so-called "initial miner offerings" are said to have caught on since regulators in China banned initial coin offerings (ICOs) back in September of last year, according to a new statement from the National Internet Finance Association of China (NIFA). The idea behind an initial miner offering is that mining hardware – used for the energy-intensive

Read More https://www.coindesk.com/chinas-internet-finance-association-warns-initial-miner-offerings/

The post "China's Internet Finance Association Warns on 'Initial Miner Offerings'" appeared first here Coindesk.com.

Source: Coindesk.com

NO COMMENTS

LEAVE A REPLY