According to various news report169 of September 2017, the Office of Leading Group for Internet Financial Risk Special Rectification ("互联网金融风险专项整治工作领导小组办公室") released the relevant Notice on Rectification for Initial Coin Offerings. This notice included a list 170 of ICOs subject to the PRC authorities' attention in 2017. According to the notice, all new China-based ICO projects were required to shut down. Based on this, the China-based ICOs platforms gradually refunded the currencies/tokens and stopped their exchange services last year. To name a few:

  • BTCCHINA: 171 All exchange services were stopped by September 30, 2017. Their exchange business completely shut down on January 3, 2018 and online withdrawals of funds are no longer allowed.
  • OKCoin: 172 Trading services were stopped by October 2017 and refund was handled until January 2, 2018. OKcoin now works through new websites based outside of Mainland China (i.e. okex.comand for overseas market, for China market).
  • Huobi173: All trading services were stopped by October 2017, the tokens/digital were moved to based outside of Mainland China.