that is the weirdest news i have heard about China so far and when thinking about all the nonsense that crypto-related news sites publish i am not surprised and will assume it is false information until proven otherwise.
usually countries are not so happy about things like ICO and they won't certainly regulate them specially when cryptocurrencies themselves are not regulated!!!
it is like saying using a car is illegal but we are going to regulate using the steering wheel!
Topic: China's central bank will soon regulate ICO's - page 2. (Read 1620 times)
How will the pboc be able to do that?
They would need to do it through a bitcoin restriction and we know that doesnt work.
They would need to do it through a bitcoin restriction and we know that doesnt work.
They probably can only stop all ICOs launched in China and force identity proof for all exchange transactions. Honestly, everybody knows one way or the other to trade outside.
How will the pboc be able to do that?
They would need to do it through a bitcoin restriction and we know that doesnt work.
They would need to do it through a bitcoin restriction and we know that doesnt work.
does china play any role in the ico scene at all? all they can do is try to restrict their citizens. they'll probably find a way anyway.
whatever they get up to, ico days are numbered. there's too much money flying around for it to go unnoticed.
whatever they get up to, ico days are numbered. there's too much money flying around for it to go unnoticed.
I think they just want to take the chance of the many ico that are present and popping up in the world of crypto, maybe this is one of their reasons for managing the finances of all the Atcoin they benefit from all angles.
ICO's will start popping one way or another. There is simply not enough money for everyone and their grandmothers.
That's the work of banking industry, they always seek money , where they can get money they will come. COntroling is one of instrument with government to drag income. Why they not support ne start up to grow. Cryptocummunity is self reliance community. even there is no banking they can make living. When the community grow then they come. There will be breadcrumbs.
Probably less money will flow into ICO's in the future.
Chinese publication Weixin reports that Yao Qian, head of Digital Currency Research Institute at PBoC, has stated that the PBoC will soon regulate ICOs.
The news comes at a time where ICOs are extremely popular, gathering millions of dollars every week and amassing higher and higher market caps.
Most recently, the Basic Attention Token (BAT) ICO, gathered $30million in a matter of seconds, while the Aragon project gathered $20million in roughly 15 minutes. The MobileGo ICO gathered over $53 million in the course of its month-long ICO.
Source
Chinese publication Weixin reports that Yao Qian, head of Digital Currency Research Institute at PBoC, has stated that the PBoC will soon regulate ICOs.
Quote
Yao Qian, head of Digital Currency Research Institute at PBoC: Bitcoin does not fulfil the criteria of a currency; will soon regulate ICOs
On TwitterThe news comes at a time where ICOs are extremely popular, gathering millions of dollars every week and amassing higher and higher market caps.
Most recently, the Basic Attention Token (BAT) ICO, gathered $30million in a matter of seconds, while the Aragon project gathered $20million in roughly 15 minutes. The MobileGo ICO gathered over $53 million in the course of its month-long ICO.
Source
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