Topic: Chinese government banned all of ICOs (Read 2693 times)
The ban on the ICO project by the Chinese government will have a big effect on the price of crypto, because we all know that large investors are mostly from China and the population there is also very large. Business people there who enter BTC and altcoins now think twice because this new policy really wreaks havoc on their investments. Hence the dip of almost all coins right now.
This will limit the birth of the new altcoin. The birth of too many altcoin are diluting the market. But I think this is not good news. It will reduce the bitcoin price in a short time. Because Chinese investors have a great influence on electronic money
In China, there are still many exchange tokens from ICO results, that means there are still many ICOs that are legal there. but if it is true it will affect the market price
For me, I think it's a mix emotion on this news there is bad and good mix. It might affect the crypto market but on the other hand Chinese Government become more strict in cryptocurrency. Looking to it, they might found out something scam in ICO's - which mainly the reason why they banned it to their country. We can see that the bitcoin is very volatile and has always proved its potential to be very great but for its world wide use , it need to be legalized every where first then only everyone can use bitcoin in future freely.
https://www.sosobtc.com/article/23790.html
Chinese government recognized all of ICOs are illegal,all of related platforms must stop offering services for ICO projects,it seems that is just a start,the regulation of ctyptocurrency is on the way.
Some ICOs refund to their investors already,but this event has an effect on cryptocurrencies including bitcoin,the prices droped seriously.
How do you think of that? Good or bad?
Difficult situations occur in different countries, and it is not only the case in China, but also a lot of countries faced with this particular problem, and it is necessary to get rid of it as soon as possible. Chinese government recognized all of ICOs are illegal,all of related platforms must stop offering services for ICO projects,it seems that is just a start,the regulation of ctyptocurrency is on the way.
Some ICOs refund to their investors already,but this event has an effect on cryptocurrencies including bitcoin,the prices droped seriously.
How do you think of that? Good or bad?
The decision was made by the Chinese central bank, which issued a statement criticizing the ICO for disrupting the country's financial order. The regulator describes the initial coin program as an unlawful form of public funding that has not been approved, causing suspicion of fraud and criminal activity. Although bitcoin pricing has declined in response to news, this rule does not directly target popular cryptographic algorithms.
there are many rumors about bitcoin in China, start form banning ICO, banning cryptocurrencies, and many things, and there are much fake news from China about bitcoin and cryptocurrencies, so in here I don't know about the truth because of that news, but maybe we should worry about that news
In my mind, permission from the government means you can trade and make settlements in BTC without a fear of being traced or caught, as was the case with some countries I heard of, BUT they will make us pay taxes on every transaction or maybe they'll try to impose taxes on your crypto assets you are holding onto.
This noise is not only associated with illegal ICO but also the fact that they often do not pay their bets at the end, due to the fact that they very abruptly finish their project.
Chinese government worst government in the world they are trying to communism everywhere. So If people use cryptocurrency and invest in ICO so the government can not control in people. So they banned all ICOs.
Dont worry about this situation, it will not be longer, just consider it as new, we need to draw our attention to crypto market, be cool.
This is a serious blow to crypto. While we are hoping to hear positive news, this is what came up. Nonetheless, crypto is still very strong and will survive all hard times
I think this will greatly affect the electronic money market. Electronic currencies such as bitcoin, ethereum will have to change to be lasting. This is a bad news for many investors. The money market will be turned upside down.
https://www.sosobtc.com/article/23790.html
Chinese government recognized all of ICOs are illegal,all of related platforms must stop offering services for ICO projects,it seems that is just a start,the regulation of ctyptocurrency is on the way.
Some ICOs refund to their investors already,but this event has an effect on cryptocurrencies including bitcoin,the prices droped seriously.
How do you think of that? Good or bad?
Yes, it is sad to hear but really it seems like China is against the cryptocurrency. I would like to have this country which is just superb lever in the world to be on the cryptocurrency side and not against us Chinese government recognized all of ICOs are illegal,all of related platforms must stop offering services for ICO projects,it seems that is just a start,the regulation of ctyptocurrency is on the way.
Some ICOs refund to their investors already,but this event has an effect on cryptocurrencies including bitcoin,the prices droped seriously.
How do you think of that? Good or bad?
I think the Chinese government is right to regulate ICOs, and of course it would be more appropriate to introduce some normative measures rather than a comprehensive ban on ICOs. There are a lot of people in China investing in encrypted currencies, and I hope that in the future the Chinese government will be more open to encryption.
Of course china are very safety for their security from those people that taking advantages especially to those who are aiming a big profit. the ban of icos in china has a lot of damage to investors who are supporting china's project and especially it drags down the market.
They are very tight with their safety. They are not forbidding cryptocurrency, they are protecting their citizens from being tricked by pumps and dumping ICO. There are many bitcoin miners in China.
The ban on ICOs in China has a huge impact on bitcoin and altcoin. Most of the currency lost its value.
The ban on ICOs in China has a huge impact on bitcoin and altcoin. Most of the currency lost its value.
China is a densely populated country, so it is difficult to manage all the people. In addition, in China there are many wealthy merchants, the transfer of cash into the Bitcoin transaction will cause China to lose a huge tax. Perhaps China's banning ICO is also understandable.
The Chinese government will reconsider its decisions as soon as their economy begins to experience severe stress, and this should happen in the next couple of years
but what abt the legit icos?
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