Today in history: It has been exactly 7 years since the Chinese government officially halted ICOs on "September 4th"

ChainCatcher news, on September 4, 2017, seven central ministries and commissions of China halted ICO activities. On that day, the closing price of Bitcoin was $4,100, and it subsequently dropped to $2,817 on September 15, 2017.

On September 4, 2017, up to seven official departments in China issued the "Announcement on Preventing Risks of Token Issuance and Financing," halting ICOs and classifying them as illegal financial activities. All domestic virtual currency trading platforms were ordered to close within a specified period and stop new user registrations.