Topic: China is reviewing the attitude to cryptocurrencies. (Read 231 times)
Well the decision by china seeks to protect investors from scammers in the long run.That is good but will however make people shift their investments away from china and eventually china will benefit less from the disruptive nature of blockchain technologies.
China once again became the epicenter of cryptocurrency news, which will continue to be talked about for a long time. One of the largest Asian exchanges, Yunbi, decided to withdraw 13 tokens from the market, including QTUM, GXS, EOS, ANS, DGD, 1ST, GNT, REP, SNT, OMG, PAY, LUN and VEN
https://yunbi.zendesk.com/hc/zh-cn/articles/115000146822-%E9%83%A8%E5%88%86%E5%8C%BA%E5%9D%97%E9%93%BE%E8%B5%84%E4%BA%A7%E4%B8%8B%E7%BA%BF%E7%9A%84%E5%85%AC%E5%91%8A
The total capitalization of some of them reached one billion dollars. However, BTC, ETH, ZEC, SC, BCC, ETC and BTS still remained on the stock exchange. Notice, that in terms of trading volume Yunbi is on the 24th place in the list of trading platforms around the world.
One of the most notable consequences of this decision will be the absence of OmiseGO (OMG) token in the assets of the exchange. This is a project that develops publicly available financial technology based on Ethereum. All the holders of Ethereum could receive the tokens having at least 0.1 ETH in their wallets. Realizing that selling OMG tokens "eat up" a significant part of the market value of Ethereum, the company subsequently decided to return some of the value of the currency back to the network. After removing the token from the auction, its positions are noticeably passed and in the future the decline will only continue. In these conditions a real alternative to this project will become the FUNCOIN (FUNC) token, which operates on the fastest blockade of Bitshares. Token entered the market without ICO and now is able to become the main currency for the entertainment industry.
An experienced users will appreciate the advantages of FUNCOIN enabling them to earn commissions from each transaction in the ecosystem, thereby obtaining permanent dividends from available funds, as well as attracting people through the referral links. The currency has already entered the stock exchange, which means that it will become a source of additional income, as the FUNCOIN price is constantly grows and the token is freely convertible into other cryptocurrencies.
FUNCOIN is emitted on the decentralized platform OpenLedger and is also a settlement coin on the Prostohit project (www.prostohit.ru). Those who register on this project of p2p disputes and create a mission will receive 10 FUNCOIN as a bonus. Funky also operates in the same-name online casino FUNCasino. How to spend time with excitement and profit for your wallet read here - https://golos.io/funcion/@funcoin/kak-igrat-v-fun-casino.
The decision of the Chinese authorities is likely an echo of the events that occurred in early September, when regulators temporarily banned the initial placement of coins, and decided to test more than 60 companies and platforms preparing for the ICO. Now Chinese companies have to return funds to investors, and some platforms have also restricted access for the local residents.
All this inevitably affected the courses of "surviving" tokens. The price of Bitcoin fall down by 16.5%, Etherium - by 23.5%. It is also reported on the further financial sanctions in South Korea, where the central bank warned of possible risks.
Obviously, in the near future other exchanges and tokens are awaiting a shock. We will follow the news and promptly inform you about the most interesting events. Therefore, subscribe to our chats, discuss and share your opinions.
Telegram chat of OpenLedger https://t.me/openledger_ru
Telegram chat of FUNCOIN https://t.me/FUNCoin_ru
Telegram chat of GenesisBlock https://t.me/genesisbl0ck
https://yunbi.zendesk.com/hc/zh-cn/articles/115000146822-%E9%83%A8%E5%88%86%E5%8C%BA%E5%9D%97%E9%93%BE%E8%B5%84%E4%BA%A7%E4%B8%8B%E7%BA%BF%E7%9A%84%E5%85%AC%E5%91%8A
The total capitalization of some of them reached one billion dollars. However, BTC, ETH, ZEC, SC, BCC, ETC and BTS still remained on the stock exchange. Notice, that in terms of trading volume Yunbi is on the 24th place in the list of trading platforms around the world.
One of the most notable consequences of this decision will be the absence of OmiseGO (OMG) token in the assets of the exchange. This is a project that develops publicly available financial technology based on Ethereum. All the holders of Ethereum could receive the tokens having at least 0.1 ETH in their wallets. Realizing that selling OMG tokens "eat up" a significant part of the market value of Ethereum, the company subsequently decided to return some of the value of the currency back to the network. After removing the token from the auction, its positions are noticeably passed and in the future the decline will only continue. In these conditions a real alternative to this project will become the FUNCOIN (FUNC) token, which operates on the fastest blockade of Bitshares. Token entered the market without ICO and now is able to become the main currency for the entertainment industry.
An experienced users will appreciate the advantages of FUNCOIN enabling them to earn commissions from each transaction in the ecosystem, thereby obtaining permanent dividends from available funds, as well as attracting people through the referral links. The currency has already entered the stock exchange, which means that it will become a source of additional income, as the FUNCOIN price is constantly grows and the token is freely convertible into other cryptocurrencies.
FUNCOIN is emitted on the decentralized platform OpenLedger and is also a settlement coin on the Prostohit project (www.prostohit.ru). Those who register on this project of p2p disputes and create a mission will receive 10 FUNCOIN as a bonus. Funky also operates in the same-name online casino FUNCasino. How to spend time with excitement and profit for your wallet read here - https://golos.io/funcion/@funcoin/kak-igrat-v-fun-casino.
The decision of the Chinese authorities is likely an echo of the events that occurred in early September, when regulators temporarily banned the initial placement of coins, and decided to test more than 60 companies and platforms preparing for the ICO. Now Chinese companies have to return funds to investors, and some platforms have also restricted access for the local residents.
All this inevitably affected the courses of "surviving" tokens. The price of Bitcoin fall down by 16.5%, Etherium - by 23.5%. It is also reported on the further financial sanctions in South Korea, where the central bank warned of possible risks.
Obviously, in the near future other exchanges and tokens are awaiting a shock. We will follow the news and promptly inform you about the most interesting events. Therefore, subscribe to our chats, discuss and share your opinions.
Telegram chat of OpenLedger https://t.me/openledger_ru
Telegram chat of FUNCOIN https://t.me/FUNCoin_ru
Telegram chat of GenesisBlock https://t.me/genesisbl0ck
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