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

Sijia Zhang and Andros Gregoriou

Applied Economics Letters, 2020, vol. 27, issue 20, 1695-1698

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.

Date: 2020
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DOI: 10.1080/13504851.2020.1713979

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