In February, China came up with yet another crypto prohibition that soured Litecoin price predictions. Back then, the Chinese Supreme Court prohibited all forms of crypto fundraising and went a step further to criminalize the activity. Offenders now risk being sent to prison for ten years if they raise up to $8m under the new order. Lesser amounts raised may carry lesser sentencing, which could include fines.
This latest prohibition heaped additional pressure on Litecoin and other…
Source link
