The Chinese government has begun issuing trademark registrations for ICO tokens, which will allow investors to sell tokens for real money.
The announcement was made on Wednesday at the State Council’s official website, the official Xinhua news agency reported.
The government said the registrations will allow registered users to sell a small number of ICO tokens at a nominal price of 1,500 yuan ($26.80).
It did not provide any further details on the specific ICO tokens that will be offered, but the announcement comes just days after China’s Securities and Exchange Commission announced it had approved the sale of up to 10,000 ICO tokens by the end of the year.
A number of countries, including the United States, Europe and Japan, have been issuing ICO tokens for the first time.