The Ethereum price has suffered a more than 15 percent decline on Sep. 4, following the announcement by the governments of China and South Korea of their crackdown on initial coin offering (ICO) activities in Asia.
Source: Cointelegraph Index
Startup companies use ICOs, which are usually Ethereum-based, to raise capital money through the issuance of new cryptocurrencies or digital tokens that can be traded online are now officially illegal in China.e