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REGULATORS in China have reportedly decided to crack down on initial coin offerings (ICOs) Danny Green Authentic Jersey , the nascent funding mechanism through which blockchain projects have now raised more than US$1.8 billion.


A Saturday report from Caixin said although the official statements have not been published yet, regulators have deemed ICOs to be violating fundraising laws, a determination that could lead to harsh regulations on the blockchain use case.


The decision is notable as it comes at a time when global regulators are considering their position on ICOs, and the People’s Bank of China C.J. Miles Authentic Jersey , the country’s central bank and financial regulator, has been chief among this group.


Quoting an anonymous source, Caixin reported that researchers in the central bank have been studying ICOs and have reached a conclusion that many are covers for illicit activity.


“More than 90 percent of the ICO projects could be violating illegal fundraising or fund fraud laws. The percent of project that is actually raising funds for investments is less than 1 percent,” the report said Vince Carter Jersey , quoting the source.


Launches of ICOs have shaken up social and economic order, created hidden financial risks, and in some cases may amount to fraud, China’s National Internet Finance Association said last week.


ICO investors should be wary and report any suspected crimes to police Tracy Mcgrady Jersey , the State-backed association said in a sign of growing official concern about ICOs.


China had seen 65 ICOs and 2.62 billion yuan (US$397.19 million) raised from 105,000 individuals, Xinhua reported in July, quoting data from a government organization that monitors online financial activity.


The rise of coin offerings has “disrupted social and economic order and created relatively large hidden risks Serge Ibaka Jersey ,” said the association’s announcement.


(SD-Agencies)

Responsible Adventures are an ecological trekking organization designed to improve, protect and preserve the environment of the Himalayan mountain rangers. An organization for the 21st century, we are leaders in the organization of ecological mountain treks.

Responsible Adventures were created and developed by a group of young environmentally and culturally conscious former Trek leaders with more than 18 years of experience each in leading treks throughout the Himalaya, The Alps Pascal Siakam Jersey , Australia and The Rockies. All of the founding worked for some of the biggest and reputed adventure travel companies throughout their professional careers.

All employees of Responsible Adventures have many years of trekking and mountaineering experience and actively promote the protection and ecological use of the fragile environment of the Himalaya. The Himalaya is home to most of our team and they wish to share its natural beauty and culture with trekkers and other guests. We are striving to instill respect to these sacred mountain ranges, while helping to preserve their historic surroundings, people and culture. We aim to make a difference.


Why Responsible Adventures are different?
Responsible Adventures are among the first trekking companies to design treks in the Himalaya where all refuse resulting from trekking is ecologically disposed of or pact-returned to centers where it can be properly dealt with. Biodegradable rubbish is burned to facilitate quick disintegration. Plastics and other synthetic materials will be returned to base for recycling. We request each trekker to ensure that this practice is strictly observed.


Responsible Adventures are pioneers in the just treatment of all its employees. We actively work on abolishing the mistreatment and ill payment of Trek leaders, local guides and porters. Our employees are assured proper wages OG Anunoby Jersey , as well as receiving benefits that are among the best in the Himalaya. Sharing bonuses and profits between all employees is one the many important aspects of Responsible Adventures' policies.


Walk in the Spirit:

We invite open-minded and perceptive people to feel the Buddha within whilst trekking from lush tropical forests to the arid high plateaus. Rise above the earthly pleasures and perceive the beauty of nature whilst trekking past steep monastic walls, across high passes and into thin air. Experience the openness and connection between man and nature, which is only available in the lofty heights of the Himalaya.


Responsible Adventures' Mission:

To share the essence of the Himalaya
- its vastness, timelessness Norman Powell Jersey , culture and humanity --
and to provide our customers with the highest quality travel experience
available in this extraordinary part of the world.


Responsible Adventures' Commitment:

To enchant our customers and exceed their expectations.


Responsible Adventures' Guarantee:

Responsible Adventures guarantees to provide our customers with a successful and adventurous journey.
If you are unsatisfied with any element that is within our control,
let us know and we'll do everything possible to make it right for you.


Responsible Tourism:

Responsible Adventures is committed to responsible tourism, through its policies and practices which permeate all aspects of its business. The company's policies aim to ensure that Responsible Adventures and its clients act in a way which is socially, environmentally and culturally sound. We feel strongly that all our holidays should benefit the local communities Malachi Richardson Jersey , protect the environment by minimizing pollution, and respect local traditions, religion and heritage. We tread lightly - low volume, low impact trekkingtouring is the best way of preserving the beautiful and fragile places we visit.


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