Get rich quick: ICO ghost writers offer initial coin offering ‘white papers’ for US$475

8,000-10,000 word business plans in Chinese in less than a week – who can resist?

The Bitcoin to dollar rate, on a display monitor in New York. Photo: Shutterstock

Taobao, one of the world’s biggest e-commerce websites run and owned by China’s Alibaba Group, is arguably most famous for selling anything to anyone.

But a number of latest offerings are raising a few eyebrows for the wrong reasons, not least because they claim to be helping to sell one of the most controversial items on the market today: cryptocurrencies.

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