A bitcoin miner inspects a malfunctioning mining machine during his night shift at the Bitcoin mine in Sichuan Province, China, 26 September 2016. Photo: EPA

What is an ICO, and why is China’s central bank banning it?

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A bitcoin miner inspects a malfunctioning mining machine during his night shift at the Bitcoin mine in Sichuan Province, China, 26 September 2016. Photo: EPA
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