Trump to Visit China & China Bans Initial Coin Offerings



US President Donald Trump is expected to visit China later this year and meet President Xi Jinping for the two leaders’ third face-to-face interaction since Trump took office. Xi and Trump have reached consensus on major global and regional issues, but challenges also exist between China and the US. What can Mr. Trump’s China visit do to improve bilateral relations?

China’s ban on initial coin offerings (ICOs) has sent the prices of big cryptocurrencies barreling to double-digit losses. Bitcoin has dropped more than 18 percent since the weekend while Ethereum has lost 28 percent. What’s the real value of ICOs – crowdfunding via use of cryptocurrencies, and how does the ban affect the economy?

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