Topic: Breaking: China May Legalize ICO Soon (Read 583 times)
The biggest issue with China is that the news coming from there is unreliable. No one knows whether this news is fake or not. The Chinese authorities have for long opposed ICOs. Why should they change their views now?
But I still do not understand, if the transaction crypto and crypto trade is still allowed either officially through exchanges and personal trade, does this mean China does support Crypto trading?
It doesn't mean they support it, just that for the time being, they don't see it as threat. It somewhat makes sense -- if you legally prohibit crypto to fiat trades in any shape or form, people won't be able to obtain or sell their existing crypto. Obviously, people will keep trading crypto for fiat locally, but China made sure the mass is somewhat excluded from crypto, and I think they are pretty happy with that as result. This however doesn't mean they will never end up prohibiting crypto to crypto trades as well, but at least the priority to do so is on the lower side due to the decentralized nature of crypto. It's basically pointless to ban something that can't be banned, so for now they don't, which should give people some level of hope....
I see this too often. This news is usually changing with those telling quite the opposite.
A lot of fake news spreading in the internet whenever the price if falling, bitcoin is dead, countries don't like bitcoin and many more things so this kind of news I ignore it, I don't care how China sees bitcoin as I know that in the future they will legalize bitcoin and other crypto.
I see this too often. This news is usually changing with those telling quite the opposite.
it is fine!
We have known that China is the country who always wanted to be the number in all aspect and they did banned bitcoin because they cannot control it and they don't know who are the Chinese people who are earning on it and if they are really paying the right tax, so what they did is that they might just pause and ban for a while until they found the solution on everything.
I don't understand why people keep thinking that crypto has been banned in China, which obviously isn't the case. The only thing that's banned or prohibited (whatever you prefer to name it) are transactions involving fiat, and that's really it. China's main priority is to avoid capital flowing out of their country, and that's something they have acted on. Crypto to crypto trades are still unaffected for now, but I think that it will remain like that. Their main priority is preventing the mass from buying themselves into crypto, and that is something they seem to have succeeded in. The small percentage of people who do manage to buy crypto is considered to be collateral damage. Keeping 90% of their population in check is enough, where the other 10% would remain under the radar anyway, so they haven't lost anything there....
But I still do not understand, if the transaction crypto and crypto trade is still allowed either officially through exchanges and personal trade, does this mean China does support Crypto trading?
We have known that China is the country who always wanted to be the number in all aspect and they did banned bitcoin because they cannot control it and they don't know who are the Chinese people who are earning on it and if they are really paying the right tax, so what they did is that they might just pause and ban for a while until they found the solution on everything.
I don't understand why people keep thinking that crypto has been banned in China, which obviously isn't the case. The only thing that's banned or prohibited (whatever you prefer to name it) are transactions involving fiat, and that's really it. China's main priority is to avoid capital flowing out of their country, and that's something they have acted on. Crypto to crypto trades are still unaffected for now, but I think that it will remain like that. Their main priority is preventing the mass from buying themselves into crypto, and that is something they seem to have succeeded in. The small percentage of people who do manage to buy crypto is considered to be collateral damage. Keeping 90% of their population in check is enough, where the other 10% would remain under the radar anyway, so they haven't lost anything there....
I always find controversial facts and news when it goes about China and legalizing ICO.
Yes China always makes interesting dramas. They always manage to make interesting news. enough to make panic and cause price fluctuate.that is China they have an important role in all fields in the World.
I still doubt on it. There are very less chance for China to legalize bitcoin and other crypto currencies. This news would have been created to calm down the roars of traders. Lets accept it if the country has really understood the benefits of crypto and announced it. They can launch their own crypto currency and benefit out of it. I expect every country to adapt bitcoin very soon.
I always find controversial facts and news when it goes about China and legalizing ICO.
Yes China always makes interesting dramas. They always manage to make interesting news. enough to make panic and cause price fluctuate.that is China they have an important role in all fields in the World.
I still doubt on it. There are very less chance for China to legalize bitcoin and other crypto currencies. This news would have been created to calm down the roars of traders. Lets accept it if the country has really understood the benefits of crypto and announced it. They can launch their own crypto currency and benefit out of it. I expect every country to adapt bitcoin very soon.
China is really the world's smartest country and it always has a lot of plans for every new incoming technology and how to monetize it. So same is the case with bitcoin and cryptos. They illegalized cryptos because they wanted that everything ongoing in the crypto industry must be under their control. Now when they will be clear about the legalities and all they will come up with their own exchange and cryptocurrency and will allow people to indirectly enter into crypto world. This way people will have to pay taxes too and their will be a big no on illegal activities using cryptos.
According to https://t.me/oneminute_crypto_news and https://twitter.com/EricBai_89, in a public interview by Chinese official web media, People's Web, a famous scholar Dong Yang released that Chinese SEC is conducting the legal research to legalize the ICO and the ICO will become a legit tool of crowdfunding soon.
They are banning ICO and even Bitcoin currency so many times before but the truth is as one of the most advance countries they realized how important and how huge will be the opportunities that will going to lost if a certain country will not grab the crypto currencies existence as investments. Sometimes i will think that there just banning Bitcoin and other crypto currencies before because i believed that they will just want to manipulate it in order to control the crypto currencies market but they always failed.
i dont agree that they just want to manipulate it in order to control the crypto currencies market, they just not very familiar in this field i believe this said, cause china will legalized cryptocurrency ICO just a matter of time only
Some critics say Bitcoin could be used to cover illegal activity, although some would consider Bitcoin's digital footprint could be used to improve transparency.
I don't have any belief in China country because most them are taking the violent decision but now they are accepting the ICO's means it is completely fake news may be. They will not conclude about cryptocurrency very easily and start making ICO's as a legal tender.
We should hope for this because Chinese people is a great market and for sure many of them love to own cryptocurrency. Big country like China can really make this market pump again, and I know it will happen soon. So better to grab the opportunity now to hold more good coins.
China is overpopulated country. Therefore, legalizing bitcoin surely will create a massive demand on the market, thus the price will go very high. However, it will create many bad effects for China's economy because people will stop relying on banks which will go bankrupt, thus the economy will fall. In conclusion, I do not think will legalize bitcoin even the ICOs, and even if they impose high taxes.
It seems difficult, because China has banned bitcoin now how it is possible to legalize ICO.
You can find news connected with China to ban crypto ads and ICOs too
Situation is very unclear now, will wait fore some updates
Situation is very unclear now, will wait fore some updates
Hope that they will do it as soon as possible
It will enforce the market and positevly affect the community
It will enforce the market and positevly affect the community
According to https://t.me/oneminute_crypto_news and https://twitter.com/EricBai_89, in a public interview by Chinese official web media, People's Web, a famous scholar Dong Yang released that Chinese SEC is conducting the legal research to legalize the ICO and the ICO will become a legit tool of crowdfunding soon.
I don't know if its true or not but the government seems to be very confused about the status of ICOs in thir country . Every other day they come up with different buzz about creating their own virtual currency or accepting the ICOs again . The speculations does not seems to end and China is not able to make a firm decision from almost over a year.
I'm curious: how much time was between restriction and steps towards legilizing ICO? Not much, I guess. It proves that chinese authorities understand the importance of crypto and cryptorelated things
That will be a good move from China authorities. You can't ignore crypto anymore, you can ban the worldwide spread phenomenon
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