Senior Chinese government officials says the ban was only to stop illegal fundraising and pyramid schemes, but should not stop firms from studying the underlying technology.
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China banned fundraising through ICOs, but wants firms to research blockchain
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Regulators now planned to continue undertaking independent research into the financial technology system, and would seek third-party research and also assess companies' own research in order to formulate a framework. But the technology industry would be expected to foot part of the costs for creating such a framework, he added without providing details.
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