China just killed the ICO market. Which ones are Chinese? - page 5.

dennyd999

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Activity: 238

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Quote from: PenStand on September 04, 2017, 05:53:52 AM

Quote from: dennyd999 on September 04, 2017, 04:52:02 AM

Quote from: alyssa85 on September 04, 2017, 04:27:32 AM

According to the following article, they've decided to crack down on exchanges as well, which is probably the reason alts are falling so much:

https://techcrunch.com/2017/09/04/chinas-central-bank-has-banned-icos/

Quote

A notice from a committee led by China’s central bank [link in Chinese] today announced an immediate ban on ICO funding, which has “seriously disrupted the economic and financial order.”

Financial news site Caixin reported [link in Chinese] reported that the committee has prepared a list of 60 exchanges which will be subject to inspection and a report. In the meantime, there will be an ICO freeze in China.

Here is original Chinese language link with 60 coins listed on it.

http://m.finance.caixin.com/m/2017-09-04/101140069.html

Most coins writed with Chinnese language. This make me think there is no top 50 coins on this list.

Maybe someone who now Chinese can correct me.

This is a list of ICO platform, not for coins. As far as I know, only the ICO platform is stopped temporary so far. The exchange is not in the list. There should be an emergent discussion between some Chinese block chain companies, we are still waiting for the details.

Ah yes, sure. They banned platform for ICO rise not any of coins on exchanges. So I dont understand the FUD and panic sells atm. It is bad news offcourse, but I think they will allow ICOs latter. As it was with SEC before.

Chinesse government try to understand how to act further.

Also china investors can still buy offshore ICOs. It is not prohibited.

crypt0xmancer

newbie

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Definitely more bad news are on the way which will in turn cause more FUD and panic Grin

Whatever happens keep a HOLD of your altcoins and don't sell!!!

Ucy

sr. member

Activity: 2730

Merit: 403

Compare rates on different exchanges & swap.

Quote from: Intel 4004 on September 04, 2017, 04:14:14 AM

Chinese government is scaried about people gettin rich

Honestly maybe part of the reasons aswell as fear of losing control. Such fears are mostly ideological and selfserving.. . rarely based on common sense. Developing countrires hate creepy new technologies. When the technologies do well, they end up "copycating" them to avoid losing out

PenStand

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Activity: 210

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Quote from: dennyd999 on September 04, 2017, 04:52:02 AM

Quote from: alyssa85 on September 04, 2017, 04:27:32 AM

According to the following article, they've decided to crack down on exchanges as well, which is probably the reason alts are falling so much:

https://techcrunch.com/2017/09/04/chinas-central-bank-has-banned-icos/

Quote

A notice from a committee led by China’s central bank [link in Chinese] today announced an immediate ban on ICO funding, which has “seriously disrupted the economic and financial order.”

Financial news site Caixin reported [link in Chinese] reported that the committee has prepared a list of 60 exchanges which will be subject to inspection and a report. In the meantime, there will be an ICO freeze in China.

Here is original Chinese language link with 60 coins listed on it.

http://m.finance.caixin.com/m/2017-09-04/101140069.html

Most coins writed with Chinnese language. This make me think there is no top 50 coins on this list.

Maybe someone who now Chinese can correct me.

This is a list of ICO platform, not for coins. As far as I know, only the ICO platform is stopped temporary so far. The exchange is not in the list. There should be an emergent discussion between some Chinese block chain companies, we are still waiting for the details.

Seansky

hero member

Activity: 560

Merit: 500

Quote from: Fatoshi on September 04, 2017, 03:59:07 AM

Can we compile all the major Chinese ICOs that will be affected by this at least temporarily.

only ones I know for sure are NEO.and Walton.

For sure there will be many ICO's that are backed with chinese that will be affected by this. One good ICO that might have been affected by this which has just finished days ago is OPUS, For sure it will also affect eth's price because the demand for buying eth will go down because of this. Even if that is the case, I think it wouldnt affect market that lot because there are only a few dozen coins that is backed by Chinese.

desticy

sr. member

Activity: 1512

Merit: 292

www.cd3d.app

there is no projects are entirely from China. but most ICO involved chinese, like EOS, Waves, LakeBanker etc...

n4poleon

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Activity: 252

Merit: 100

In my opinion, a blockchain project shouldn't take a nationality because it will only be subjected to its laws making it censorable. My take is, NEO will surely release a statement countering the current FUD then again you go with the price.

bct_ail

legendary

Activity: 2688

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https://t1p.de/6ghrf

Don’t be panic. Calm down. That was only a matter of time, that the Chinese are going to regulate the market. They want to get a piece of the cake, they want to get more tax. There will be an agree between the government and all the ico's in the future.
Altcoins will do further down because of all the panic sell. So time to buy in the future with low prices.

benthach

legendary

Activity: 1764

Merit: 1000

none
these chinese and korean markets are pretty much fake
these morons calling them self experts need to get their stupid head out of cow poops. korean and chinese market in this crypto world is very very small but their egos are pretty huge!

electricretard

full member

Activity: 170

Merit: 100

Love how absolutely everything panic dumps on every bit of bad news. A lot of non-ico stuff is taking a huge beating today too. And BTC also. Crypto truly is insane on so many levels. This may be a good thing in the long run, ICO insanity is over for now at least

nsasuiteb

full member

Activity: 406

Merit: 100

BAILOUT

I think more bad news will come from russia and asian countries especially china, and seeing the rise of us based projects will be good

groko271

hero member

Activity: 790

Merit: 505

Quote from: dennyd999 on September 04, 2017, 04:52:02 AM

Quote from: alyssa85 on September 04, 2017, 04:27:32 AM

According to the following article, they've decided to crack down on exchanges as well, which is probably the reason alts are falling so much:

https://techcrunch.com/2017/09/04/chinas-central-bank-has-banned-icos/

Quote

A notice from a committee led by China’s central bank [link in Chinese] today announced an immediate ban on ICO funding, which has “seriously disrupted the economic and financial order.”

Financial news site Caixin reported [link in Chinese] reported that the committee has prepared a list of 60 exchanges which will be subject to inspection and a report. In the meantime, there will be an ICO freeze in China.

Here is original Chinese language link with 60 coins listed on it.

http://m.finance.caixin.com/m/2017-09-04/101140069.html

Most coins writed with Chinnese language. This make me think there is no top 50 coins on this list.

Maybe someone who now Chinese can correct me.

Basically they are cracking down due to the criminal activity which is rife through the ICO phenomenon. Each project will be examined/scrutinised with the full weight of the law. Why they still allow trading? seems strange though.

Quote

ICO is essentially an unlawful illegal open financing, suspected of illegal fund-raising, illegal issuance of securities, illegal sale of tokens to raise funds and financial fraud, pyramid schemes and other criminal activities.

Tipstar

sr. member

Activity: 1932

Merit: 300

ICOs can be conducted without nationalizing or localizing.
But if Chinese authority seriously went after ICOs, China is one of the biggest market for creation and investment in ICOs.

dennyd999

full member

Activity: 238

Merit: 100

Quote from: alyssa85 on September 04, 2017, 04:27:32 AM

According to the following article, they've decided to crack down on exchanges as well, which is probably the reason alts are falling so much:

https://techcrunch.com/2017/09/04/chinas-central-bank-has-banned-icos/

Quote

A notice from a committee led by China’s central bank [link in Chinese] today announced an immediate ban on ICO funding, which has “seriously disrupted the economic and financial order.”

Financial news site Caixin reported [link in Chinese] reported that the committee has prepared a list of 60 exchanges which will be subject to inspection and a report. In the meantime, there will be an ICO freeze in China.

Here is original Chinese language link with 60 coins listed on it.

http://m.finance.caixin.com/m/2017-09-04/101140069.html

Most coins writed with Chinnese language. This make me think there is no top 50 coins on this list.

Maybe someone who now Chinese can correct me.

pavelna07

member

Activity: 63

Merit: 10

Is QTUM Chinese project? or better question would be Are they based in China?

alyssa85

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CryptoTalk.Org - Get Paid for every Post!

According to the following article, they've decided to crack down on exchanges as well, which is probably the reason alts are falling so much:

https://techcrunch.com/2017/09/04/chinas-central-bank-has-banned-icos/

Quote

A notice from a committee led by China’s central bank [link in Chinese] today announced an immediate ban on ICO funding, which has “seriously disrupted the economic and financial order.”

Financial news site Caixin reported [link in Chinese] reported that the committee has prepared a list of 60 exchanges which will be subject to inspection and a report. In the meantime, there will be an ICO freeze in China.

Intel 4004

member

Activity: 84

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Nimium ne crede colori

Chinese government is scaried about people gettin rich

aaroc90

member

Activity: 140

Merit: 10

Quote from: davegee on September 04, 2017, 04:09:03 AM

Buy MAID instead. Truly decentralized, Chinese firewall resistant. But go long. They'll be worth a few dollars each this time next year... Mark my words!

would have to be brave to put crypto into china at the moment, even with the potential upside look at the risk

JohnDoe3490

full member

Activity: 378

Merit: 102

Quote from: coingrow on September 04, 2017, 04:06:17 AM

NEO, WALTON, BNB and some other coins that are listed at Binance exchange are chines in my opinion. Buy SEC compliant coins from now onwards as you should be fine

Why do we need SEC compliant? This only affects Chinese ICO.

davegee

newbie

Activity: 22

Merit: 0

Buy MAID instead. Truly decentralized, Chinese firewall resistant. But go long. They'll be worth a few dollars each this time next year... Mark my words!

Topic: China just killed the ICO market. Which ones are Chinese? - page 5. (Read 5418 times)