Residents of China that engage in fundraising activities via cryptocurrencies will now be subject to jail time, if caught. China has banned crypto-based fundraising, making it a criminal offence. Along with prison sentence, violators may also have to pay hefty fines as part of the punishment.

source https://gadgets360.com/cryptocurrency/news/fundraising-cryptocurrency-china-ban-crime-jail-time-2788584#rss-gadgets-all