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Research Article

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

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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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Disclosure statement

No potential conflict of interest was reported by the authors.

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