The link is dead, is it fake news?
No, it's not fake news. Here's the new link
https://www.bloomberg.com/news/articles/2017-09-04/china-central-bank-says-initial-coin-offerings-are-illegal
Topic: China's Central Bank Declares ICO Illegal - page 3. (Read 3302 times)
No, it's not fake news. Here's the new link
https://www.bloomberg.com/news/articles/2017-09-04/china-central-bank-says-initial-coin-offerings-are-illegal
The link is dead, is it fake news?
With all the money that was going out of CHina because of these ICO, the government had to do something! In my opinion the downtreand has just begun and more of this will follow
The money going out via ICO doesn't have so much. The ICO impacts the IPO and the stock market. Probably it's the reason for the illegal statement.
Everyone knew this is going to happen.. Short term, this is bad news because people will trade on their emotions - namely fear today - but long term this is good news for blockchain technology. A ban on frothy/bubbly ICO's that are abusing investors with nothing more than a flashy website, a colored paper, and (maybe?) a few lines of code - thank goodness for cutting some of the fat off the steak.
What are most known Chinese ICOs?
1-NEO
2-?
1-NEO
2-?
For the first 50 in coinmarketcap.com, there are NEO, Qtum, Hshare and Binance
The press is having a field day with this...
The government move should “help cool down the market and sweep away bad actors,” said Jehan Chu, whose crytocurrency hedge fund Kenetic Capital has invested in Chinese ICOs. He said he hoped regulators would allow some forms of digital currency financing later. “I don’t think they’re trying to kill it.”
WSJ story: articles/chinas-ico-ban-brings-bitcoin-back-to-earth-1504526144?mod=e2tw
http://www.businessinsider.com/initial-coin-offering-china-bitcoin-ethereum-peoples-bank-of-china-law-all-crypto-illegal-etoro-2017-9?r=UK&IR=T
The government move should “help cool down the market and sweep away bad actors,” said Jehan Chu, whose crytocurrency hedge fund Kenetic Capital has invested in Chinese ICOs. He said he hoped regulators would allow some forms of digital currency financing later. “I don’t think they’re trying to kill it.”
WSJ story: articles/chinas-ico-ban-brings-bitcoin-back-to-earth-1504526144?mod=e2tw
http://www.businessinsider.com/initial-coin-offering-china-bitcoin-ethereum-peoples-bank-of-china-law-all-crypto-illegal-etoro-2017-9?r=UK&IR=T
What will happened to NEO after this news?
So that's the reason why the altcoins now mostly are all red. Even bitcoin dumped it price too. Does anyone have a link to the news or page about this issue? This will be a huge impact especially in the ICO industry because most of the huge investors came from China's market itself.
Bitcoin is falling after being defeated in $5k wall.
You have the link in OP's post.
Yes news are dramatic, about 400 millions $ of ICO's raising this year came from China. In long term however, Chineese will come back to ICO market with regulations, the same thing happened when they banned bitcoin.
but by the time goes, china will soon see the importance of ICO for some people.
hmm now the trick is, when to pick the bottom to get some good buying...
ICO already banned in US, most ICOs do not accept US investors, and
"In the United States, only accredited investors can be offered private placements of securities, and the onus is on the issuer (in this case, the token sale dev team) to ensure that only accredited investors take part, lest they expose themselves personally and their company to potential criminal liabilities in the United States."
normal people cannot participate in the future according to SEC, except Wallstreet
"In the United States, only accredited investors can be offered private placements of securities, and the onus is on the issuer (in this case, the token sale dev team) to ensure that only accredited investors take part, lest they expose themselves personally and their company to potential criminal liabilities in the United States."
normal people cannot participate in the future according to SEC, except Wallstreet
So that's the reason why the altcoins now mostly are all red. Even bitcoin dumped it price too. Does anyone have a link to the news or page about this issue? This will be a huge impact especially in the ICO industry because most of the huge investors came from China's market itself.
Bitcoin is falling after being defeated in $5k wall.
You have the link in OP's post.
Yes news are dramatic, about 400 millions $ of ICO's raising this year came from China. In long term however, Chineese will come back to ICO market with regulations, the same thing happened when they banned bitcoin.
Here is a really very helping link:
https://www.reddit.com/r/NEO/comments/6xz6tl/how_china_banned_icos_and_how_you_can_benefit/
https://www.reddit.com/r/NEO/comments/6xz6tl/how_china_banned_icos_and_how_you_can_benefit/
So that's the reason why the altcoins now mostly are all red. Even bitcoin dumped it price too. Does anyone have a link to the news or page about this issue? This will be a huge impact especially in the ICO industry because most of the huge investors came from China's market itself.
This is not real crash, it may be worse. I am curious about that if ico is declared as illegal by china's central banks whether chinese exchanges will have to delist some coins.
that's another thing mate if china will do this more crash will happen especially to those project which still not proving its existenceChinese is very strict when it came to their laws so we cant do anything to avoid this but certainly another country like japan and korea
will step up and push the crypto currency back to its position.
Litecoin and IOTA are one of the biggest droppers today after the declaration by China's central bank. I don't mind saying that LTC has maximum investment from china, on Jubi exchange LTC/CNY has fallen deep to history, i see a red blood bath for next couple of days , maybe a week.
You should check out NEO if you want to see a heavy drop :pHonestly I don't seem to find many "light" droppers
China has done something like this before with the exchanges. Just have to wait until they propose regulations and everything should rise again. Until then invest wisely in quality coins and follow the news carefully.
So that this is the reason of such a great fall in the prices,could be interesting to see how the market continues to behave in the face of such an eventuality. 
Litecoin and IOTA are one of the biggest droppers today after the declaration by China's central bank. I don't mind saying that LTC has maximum investment from china, on Jubi exchange LTC/CNY has fallen deep to history, i see a red blood bath for next couple of days , maybe a week.
Wow, this is serious, But the will make money, because many ICO are from them. I know I have invested on so many ICO from China. Anyway. the should just move to another country and pitch there nitch.
China has done something like this before with the exchanges. Just have to wait until they propose regulations and everything should rise again. Until then invest wisely in quality coins and follow the news carefully.
The Chinese government should just supervise the ICO all over the board, but there are no other restrictions on the exchange. After that, the situation is fixed. This time it is very strong and everyone is injured.
Jump to: