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?

Topic |   Explainers: Business

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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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Josh Ye

Josh Ye

Josh is a reporter at Abacus. He was previously a reporter and a video producer for the South China Morning Post. Graduated from the University of Pittsburgh with a major in English and philosophy, he's now pursuing a law degree at the University of Hong Kong. Outside of work, he's a pop culture junkie, an avid listener of audiobooks and a huge fan of American sports.