Kyber ICO will exclude Chinese citizens

Recent Chinese news on ICO bans seems to have affected the international community as well. KyberNetwork has just announced that they will “exclude Chinese nationals/citizens from out public token sale.”. There was considerable interest in China regarding Kyber, and this announcement is sure to leave many Chinese unhappy and angry on slack.

Another ICO that has recently banned Chinese citizens is Red Pulse which will be conducted on the NEO platform. This decision was shocking because NEO is a Chinese developed and focused platform. By excluding Chinese citizens, they are potentially excluding a large audience base.

Although it has been confirmed that the recent Chinese rumblings are only a temporary measure, that has not stopped these decisions from happening.

 

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