In its recent 2018 China Financial Stability Report, the People’s Bank of China (PBoC)

In its recent 2018 China Financial Stability Report, the People’s Bank of China (PBoC) stated there is an increasing number of “disguised” initial coin offerings (ICOs), which try to evade the country’s regulations.

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CoinDesk
China's Central Bank Moves to Restrict Free Crypto Giveaways
The People's Bank of China, the country's central bank, is looking to clamp down on airdrops – free distributions of crypto tokens.