YUNBI, the Chinese based cryptocurrency exchange founded in 2013 has announced that all ICO tokens previously supported on the exchange including QTUM, GXS, EOS, ANS, DGD, 1ST, GNT, REP, SNT, OMG, PAY, LUN, and VEN have now been delisted from YUNBI.
The decision was undertaken due to recent conditions prescribed by law and according to the recent statements by China’s financial regulators*.
The withdrawal of the delisted tokens will continue normally. Trading of BTC, BCC, ETH, ZEC, SC, ETC and BTS has also been resumed.
The Yunbi team stated:
“YUNBI is operating normally and has been self-disciplined. We have studied the regulation well and have taken a firm opposition to fight against any illegal financial activity that relates to token and cryptocurrency fund raising.”
“We want to kindly remind you to check our official announcements periodically and not to believe the online rumors and speculations. We retain the right to use legal means to safeguard YUNBI’s rights and interests.”
*The recent Chinese ban on initial coin offerings (ICO) is based on the law of the People’s Republic of China, as well as the laws of the People’s Bank of China, commercial banking and securities law, cyber security and telecommunications law, and financing and financial activities law.