北京嚴厲打擊證券型代幣發行，宣布其非法

北京金融監理機構總幹事警告說，證券型代幣發行（STO）融資是非法活動。北京市金融工作局局長霍學文在「2018全球財富管理論壇」上強調了透過STO融資的風險。上個月，中國人民銀行（PBoC）對與區塊鏈融資和投資相關的投機和市場操縱發出警告。

Beijing Financial Authority Issues Stern Warning on Security Token Offerings

北京金融管理局對證券型代幣發行發出嚴厲警告

In a significant move that underscores the regulatory stance towards cryptocurrency fundraising in China, the director general of the Beijing Municipal Bureau of Financial Work has declared Security Token Offering (STO) fundraising activities as "illegal."

北京市金融工作局局長宣布證券型代幣發行（STO）籌款活動為“非法”，此舉凸顯了中國對加密貨幣融資的監管立場。

Warning Issued at Global Wealth Management Forum

全球財富管理論壇發出警告

The warning was issued on December 1st during the "2018 Global Wealth Management Forum" hosted by the Beijing Municipal Bureau of Financial Work. Huo Xuewen, the watchdog's director, emphasized the heightened risks associated with STOs, cautioning against their use within the municipality.

該警示是12月1日在北京市金融工作局主辦的「2018全球財富管理論壇」期間發出的。監管機構主任霍學文強調了與 STO 相關的較高風險，並警告不要在市內使用它們。

"I issue a risk warning to those who are promoting STOs in Beijing and intend to issue one," stated Huo Xuewen. "Do not engage in such activities within Beijing. If you do so, you will be prosecuted for illegal financial activities."

霍學文表示：“我向那些在北京推廣 STO 並打算發行 STO 的人發出風險警告。” “不要在北京境內從事此類活動。如果這樣做，將因非法金融活動而被起訴。”

National Central Bank Previously Warns of Speculation

國家央行先前曾警告投機行為

In November, the People's Bank of China (PBoC) had issued a stern warning against "speculation, market manipulation, and other irregularities" linked to blockchain financing and investments.

11月，中國人民銀行（PBoC）對與區塊鏈融資和投資相關的「投機、市場操縱和其他違規行為」發出嚴厲警告。

Cryptocurrency Legality Questioned Elsewhere

加密貨幣合法性在其他地方受到質疑

The concerns raised by Beijing resonate with similar regulatory sentiments expressed by other financial authorities. In July, the head of the international department of the China Banking and Insurance Regulatory Commission acknowledged blockchain technology's potential while distancing the stance from cryptocurrencies.

北京提出的擔憂與其他金融當局表達的類似監管情緒產生了共鳴。 7月，中國銀行保險監督管理委員會國際部負責人承認區塊鏈技術的潛力，同時與加密貨幣保持距離。

This week, the Thai Securities and Exchange Commission (SEC) also raised concerns about the legality of STOs, stating that Thai-related STOs issued in international markets would constitute a violation of the law.

本週，泰國證券交易委員會（SEC）也對 STO 的合法性提出了擔憂，表示在國際市場發行與泰國相關的 STO 將構成違法行為。

STO Legality Remains in Limbo

STO 的合法性仍懸而未決

STO fundraising has gained traction as a potential alternative to traditional initial public offerings (IPOs). However, the legal status of STOs remains uncertain in many jurisdictions, including China.

STO 募款作為傳統首次公開發行 (IPO) 的潛在替代方案已受到關注。然而，在包括中國在內的許多司法管轄區，STO 的法律地位仍然不確定。

The lack of clear regulatory frameworks has raised concerns among investors and has led to heightened scrutiny by financial authorities around the globe.

缺乏明確的監管框架引起了投資者的擔憂，並導致全球金融當局加強審查。

The recent warning from Beijing serves as a stark reminder of the regulatory challenges facing the burgeoning STO market. As governments and financial regulators grapple with the evolving landscape of blockchain-based fundraising, the future of STOs remains uncertain.

北京最近發出的警告清楚地提醒人們，新興的 STO 市場面臨監管挑戰。隨著政府和金融監管機構努力應對基於區塊鏈的籌款不斷變化的格局，STO 的未來仍然不確定。