China ICO ban a move to please the US?

avikz

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Quote from: microtron on September 21, 2017, 04:39:16 PM

So with speculation that the majority of North Koreas capital coming from BTC, who thinks that China banning ICO's was a step to curbing North Koreas power?

Nope, I don't think US has to do anything with China ICO ban and also nothing to do with North Korea as well. North Korea is so poor that they can't afford to have a computer in their home. And leave alone the crypto currency, North Koreans can't open an website which is not approved by their government. Chinese government's mentality is very similar to that of N. Korea. They believe that money is equal to power and that should be controlled in every possible way. Because if citizens have enough money, the power will be shifted from their government to their people. They want to curb that.

arpon11

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I have never think it in this way but this may be truth. I keep on getting surprised why China should just wake up one day and banned ico without any concrete reason. If to do this is to please America and to stop inflow of currency to north Korea then I think they should have a rethink as Americans itself has not banned ico project and systems can still be manipulated to channel fund to north Korean.

iamTom123

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Quote from: microtron on September 21, 2017, 04:39:16 PM

So with speculation that the majority of North Koreas capital coming from BTC, who thinks that China banning ICO's was a step to curbing North Koreas power?

Definitely, there is no connection at all and had there been then it would easily leaked into the mainstream media and we would have know it by now. The Chinese government decided on ICO and the Bitcoin exchanges without thinking of any other country's interest...that's a fact! I think you should know that China has a different mindset which on many times people in the West can not easily read and fathom. Pleasing the USA? It has never been the agenda of China to ever please a country it consider to be not a real ally.

leonair

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Quote from: microtron on September 21, 2017, 04:39:16 PM

So with speculation that the majority of North Koreas capital coming from BTC, who thinks that China banning ICO's was a step to curbing North Koreas power?

Maybe yes, maybe no. but I think not because why in the world that China would do that kind of thing. China is a super power country also that no proper alliance with the USA so meaning if North Korea wants a war with USA then China will be so glad about that. Its just that China really want to refurbish their cryptocurrency power over their citizens now before it is too late.

Coffee135

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How North Korea could have the money from ICO if the country has limited access to the Internet? Only the government will not be able to meet the needs of the country. It seems to me that the funding for Kim Jong-UN's coming from the same place in Korea came to nuclear technology. Is China or Russia.

bubblebit

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China is making a favor for USA?. No, I don’t think so, even me who is not a politically updated person on current events. I know it will not or will never happened in this lifetime. China done the banning of ICO and closing exchanges as they want to be recognised as a co equal super power to USA that done the same in regulating cryptocurrency. It is for they’re countrymen and for they’re country’s interest. I will drink chilli 🌶 sauce if I’m wrong.

Fredomago

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Quote from: Yadstiker on October 01, 2017, 09:49:24 AM

Quote from: xuan87 on September 22, 2017, 01:09:07 AM

No I don't think China's banning got anything to do with politic, it is coming from the complained that a lot of scammer try their luck in ICO and too many people already involves in crypto currency and causing undetected money movement and the government want to prevent money laundering

I think so too. I've read some articles and some other news that claims, the reason of why China did banned crypto is because of that issue, in order for them to protect the economy and monitor the transactions or detect where the money came from. I don't know if it is true or not but that is what they claimed to be the reason why they did it.

maybe it is a big influence for them trying to protect what they think is threatening their economy as we seen crypto really give some freedom
to its investors and chinese people loves to gamble, now that the government already trying to stop this they needed to create some rules for
this before it can be done again.

Yadstiker

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Quote from: xuan87 on September 22, 2017, 01:09:07 AM

No I don't think China's banning got anything to do with politic, it is coming from the complained that a lot of scammer try their luck in ICO and too many people already involves in crypto currency and causing undetected money movement and the government want to prevent money laundering

I think so too. I've read some articles and some other news that claims, the reason of why China did banned crypto is because of that issue, in order for them to protect the economy and monitor the transactions or detect where the money came from. I don't know if it is true or not but that is what they claimed to be the reason why they did it.

audaciousbeing

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This is another angle to look at it and I am glad someone is seeing it from that side. I have come to believe that every decision of government have two sides

1. The reason they want us to believe why they took the decision we are all clamoring about which is more appealing to every sane individual and

2. The real reason for such decision which is something that is not known to everybody and defies common sense that one would wish away as conspiracy theory.

There is no way to separate political undertone in every decision and this could go this way, since when the US came with its own proposed policy and realized that its not making effect, they then turn to China who is an ally to help them out.

Kuingsudaqila

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Quote from: microtron on September 21, 2017, 05:17:12 PM

Maybe so, I am still hoping this was all a big play to make NEO blow up haha

if over blow up about china ico baned, neo price can down and crash

microtron

newbie

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But yes with China's government their decisions are based purely around money so I may be looking into this from the wrong viewpoint

microtron

newbie

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Yeah maybe I was looking at unrelated parts. I just thought that with the US pressuring China to reduce NK's power and with news that most of NK's funding comes from mining btc I thought there may be a link in their someway. It would be an open form of aggression but it would be a guerrilla tactic in one of its finest forms.

Sate Jamu

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When many ICO tires in china then the best solution for them is immediately divert abroad. I think the Chinese government is overkill for arranging things that benefit many people.

JL421

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Maybe you nwvwe know usa is going to ban all china products it won't happen completely but the import from china might reduce the import and us have never created any special laws it already existed before ico was a thing so nothing wrong in that i would say

jseverson

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That seems like a reach. If the US wanted Bitcoin to crash, it could have regulated exchanges itself and it probably would have had more of an impact. If China truly wanted to please the US, they'd take a harder stance against North Korea publicly, which is what Trump has been saying explicitly for a while now.

The ICO ban, as far as China goes, is self serving. They deemed it necessary to keep their bleeding, bloated economy afloat. It just sucks that we're kind of a casualty.

xuan87

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No I don't think China's banning got anything to do with politic, it is coming from the complained that a lot of scammer try their luck in ICO and too many people already involves in crypto currency and causing undetected money movement and the government want to prevent money laundering

ekoice

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China does not have a need to please the US.Its totally their own plan to ban ICOs as an initiative step to ban bitcoin.From the beginning,china has been not friendly to bitcoin.It was just keenly watching for an opportunity to take strict action against bitcoin.ICO ban,trying to ban bitcoin exchanges and the only thing remaining is ban on bitcoin mining farms.Also,china's ICO ban would in no way affect north korea.It has nothing to do with it.

PhantomJ

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Quote from: microtron on September 21, 2017, 04:39:16 PM

So with speculation that the majority of North Koreas capital coming from BTC, who thinks that China banning ICO's was a step to curbing North Koreas power?

I think there is hardly a conspiracy here to annoy Korea, this is a self-imposed solution connected with the restriction of the distribution of the crypt. This is their internal problems and prohibition was necessary for them for other reasons.

Sadlife

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I dont think the reason why china banned ICO's in their country is because to protect their own fiat currency it hasn't have any hidden agenda's like helping the US where in fact the countries hate each other. Especially in the west Philippine sea dispute. China made the decision on their own and not for anyone. It's only normal for a country to protect their currency from growing and soon to become mainstream currency.

MiF

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Quote from: microtron on September 21, 2017, 04:39:16 PM

So with speculation that the majority of North Koreas capital coming from BTC, who thinks that China banning ICO's was a step to curbing North Koreas power?

I do believe that the ban is nothing to do in North Korea crisis because China is the number one aid of NOK because they are both communist government. China have their hidden agenda of banning the bitcoin because they want to manipulate the crypto coins if they become success of doing that it would be an advantage to help their economy grow better than US.

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