In current regulatory information, a legal investigation might forestall Ebang from conducting an preliminary public providing, Plattsburgh has handed new laws governing industrial mining operations, and Ron Paul has endorsed treasured metals and cryptocurrencies as a viable different to fiat forex.
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Criminal Accusations Pose Hurdle to Ebang IPO
Reviews are alleging that main mining producer Ebang Communications has change into embroiled in a legal investigation which will pose a problem to the corporate’s preliminary public providing intentions.
The investigation pertains to a transaction valued at 524.9 million Chinese language yuan (roughly $76.18 million) between Ebang and wealth administration firm Yindou.com. Between March and April, it’s alleged that Ebang transferred 380 million yuan (roughly $55.15 million) again to Yindou, leaving 144.9 million yuan (roughly $21 million).
Based on Sina…