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

2020/01/10 by Sijia Zhang, Andros Gregoriou · 1 citation
Computer Science · Arts and Humanities · Economics, Econometrics and Finance · #Blockchain Technology Applications and Security #Art History and Market Analysis #Financial Markets and Investment Strategies #Cryptocurrency #Market liquidity #China #Economics #Monetary economics #Business #Commerce #Financial economics #Computer security #Computer science

paper · doi:10.1080/13504851.2020.1713979

openalex publication_date 2020/01/10 · openalex created_date 2025/10/10 · openalex updated_date 2025/11/06

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.

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