All china ICO platform closed the ICO project due to the Regulatory policies

Faroxx

full member

Activity: 294

Merit: 100

I certainly don't want someone to scare, but China has officially announced that they are going to regulate Chinese crypto exchanges. Links I have on this here is the passage in which it is said:

Quote

The central government’s office overseeing internet financial risks has ordered local authorities to shut down virtual exchanges trading digital currencies with the yuan, a source close to the office told Caixin. The order will affect major Bitcoin platforms such as OKCoin, Huobi and BTC China.

crismass1225

member

Activity: 98

Merit: 10

dont get panic and buy more! CHina are making it first move to regulate ICOs after this i believe that there will be about 85%-90% Safe and no scam ICO come, in every revolution the first step is very hard but soon all Altcoin ill shine like a diamond... China will develop the first regulated ICO as mark in the history when it will get out and done.

nick_nick

full member

Activity: 350

Merit: 100

Quote from: benthach on September 04, 2017, 05:49:41 AM

chinese market particularly ico is very small
all i see are chinese whales making a killing from western kids.

In my personal opinion, I don't think Chinese influence in Crypto world is insignificant. They are much deeper into it than we think.

je_jeph

member

Activity: 117

Merit: 10

"One Token to Move Anything Anywhere"

now ynbi want to delist NEO on their exchanger,thats not a good news again
so many problem NEO need to work with
what the hell

Arkann

full member

Activity: 714

Merit: 104

I see a strong panic due to the fact that the Central Bank of China declared the ICO illegal. Some believe that the Chinese coin NEO because of this will fall, others that on the contrary, will be strengthened. I think that such news should not influence the existing coins. Including the NEO. However, in recent times, almost all altkoins, as well as bitcoin, have fallen dramatically in value. Perhaps the fall is caused by other reasons and this is just a coincidence in time. We'll see in a few days.

NostradamusJones

newbie

Activity: 48

Merit: 0

https://twitter.com/riseofcrypto/status/904778250068475904

n4poleon

full member

Activity: 252

Merit: 100

Quote from: Boxxl on September 04, 2017, 06:32:02 AM

I think NEO will be much lower.. Sad

It is a good project but with this no ICO dare to switch to NEO in China.

I think they switch to Qtum

It doesn't matter if they're affected or not, NEO will just exclude Chinese people from participating ICOs by just letting participants agree with the TOS (terms of agreement) whereby participants are all non-Chinese residents/nationals. Easy way to ease this legal burden. done!

NostradamusJones

newbie

Activity: 48

Merit: 0

Only new ICO's are banned...the rest are just subject to regulation. So much disinformation on this site.

n4poleon

full member

Activity: 252

Merit: 100

Quote from: auliahr on September 04, 2017, 06:23:33 AM

the imbalanced Chinese government's attitude is imbalanced with bitcoin and other altcoin prices. I see all my portfolios are also red, but I'm sure this is only temporary. the decision taken fair because the government is afraid of its citizens to be deceived and wrongly selected ico. I think this is also the insistence of the owners and businessmen of banking in China who fear the existence of bitcoin.

In my opinion, banning it is some kind of stupid. All it does is excluding their people from experiencing it, without experiencing it how would they learn? Yes people will lose money but that's how they'll learn and be more skeptic next time. But no, they'll just ban it and call it protection.

Boxxl

hero member

Activity: 800

Merit: 502

I think NEO will be much lower.. Sad

It is a good project but with this no ICO dare to switch to NEO in China.

I think they switch to Qtum

auliahr

full member

Activity: 518

Merit: 100

the imbalanced Chinese government's attitude is imbalanced with bitcoin and other altcoin prices. I see all my portfolios are also red, but I'm sure this is only temporary. the decision taken fair because the government is afraid of its citizens to be deceived and wrongly selected ico. I think this is also the insistence of the owners and businessmen of banking in China who fear the existence of bitcoin.

je_jeph

member

Activity: 117

Merit: 10

"One Token to Move Anything Anywhere"

why so many people happy with this day as we know its a bad day especially for NEO
is it good for holder or i have to sell it when its still in $20
its crazy if cryptomarket without china,as we know the china financial it on growing

desticy

sr. member

Activity: 1512

Merit: 292

www.cd3d.app

yeah, China finally ban ICO.

n4poleon

full member

Activity: 252

Merit: 100

Quote from: tranle789 on September 04, 2017, 06:01:50 AM

I think NEO still has hope in the crypto market because certainly many investors and whales will not let this market down again because if NEO continuously down NEO will definitely lose a lot of traders and this is very difficult happens at this time

When NEO continues to go down, the more it gets attractive in in my opinion. I'll definitely buy some when it goes below .004ish sats. Time to put some buy orders. Or maybe I'm already late.

tranle789

full member

Activity: 224

Merit: 100

I think NEO still has hope in the crypto market because certainly many investors and whales will not let this market down again because if NEO continuously down NEO will definitely lose a lot of traders and this is very difficult happens at this time

n4poleon

full member

Activity: 252

Merit: 100

ETH and NEO will still continue to conduct ICOs, they'll just exclude all countries deeming ICOs are illegal. That means, people from outside China can only participate in ICOs for now. Although we're seeing a lot of panic sellers, it's no biggie.

nick_nick

full member

Activity: 350

Merit: 100

If chinese are closing ICO's then will does NEO has a future.

Is it necessary to still keep NEO?

benthach

legendary

Activity: 1764

Merit: 1000

chinese market particularly ico is very small
all i see are chinese whales making a killing from western kids.

Geenstijl

legendary

Activity: 1232

Merit: 1000

Quote from: kryptqnick on September 04, 2017, 04:24:04 AM

Yes, I've seen the news about icos banned as well. I guess that's the main reason why NEO is going extremely down right now. Gosh, I guess a lot of people are losing their money on it now. What do you guys think: will non-Chinese people make a sufficient amount of icos on NEO for it to keep going? Will we see NEO great again? Or is it the end and time to sell everything when the price is still $20?

Very bad news (in short term). I'm out of NEO. There is so much uncertainty. I'm sure that China government seriously intends to regulate the ICO market. And this prohibition will last more than one month. At the end ICOs should be legal and China decide to be the pioneer here. As any revolution it will be hard, but in the end we'll get valid ICOs without 90% scams as for now. After this breakout NEO should shine more than today.

metalbean

full member

Activity: 448

Merit: 103

Quote from: kryptqnick on September 04, 2017, 04:24:04 AM

Yes, I've seen the news about icos banned as well. I guess that's the main reason why NEO is going extremely down right now. Gosh, I guess a lot of people are losing their money on it now. What do you guys think: will non-Chinese people make a sufficient amount of icos on NEO for it to keep going? Will we see NEO great again? Or is it the end and time to sell everything when the price is still $20?

Patience my friend, you will be rewarded

Topic: All china ICO platform closed the ICO project due to the Regulatory policies (Read 1328 times)