Regulators should mandate information disclosure standards for initial coin offerings (ICOs), an advisor to China's central bank argued this week.
As part of that process, he argued, "information disclosure requirements and moderate regulation for ICO projects must be introduced", according to the journal.
That said, he also expressed support for an environment that promotes innovation technology uses, with the government making public both the risks and opportunities and involved.
Sheng said in the interview:
At the same time, the central bank has been investigating the launch of a digital currency of its own. Yao Qian, who works in the PBoC's technology department, recently detailed some of the concepts the bank is exploring.
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