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The price and liquidity impact of China forbidding initial coin offerings on the cryptocurrency market

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ABSTRACT In this article, we empirically examine the cryptocurrency market reaction to china prohibiting initial coin offerings, on the 4 September 2007 for the 100 largest cryptocurrencies. The announcement has… Click to show full abstract

ABSTRACT In this article, we empirically examine the cryptocurrency market reaction to china prohibiting initial coin offerings, on the 4 September 2007 for the 100 largest cryptocurrencies. The announcement has a significant negative but temporary impact on cryptocurrency returns and liquidity.

Keywords: coin offerings; china; cryptocurrency; cryptocurrency market; initial coin

Journal Title: Applied Economics Letters
Year Published: 2020

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