That may be a good sign because many fraudulent projects are becoming more sophisticated and difficult to detect, too much ico not practical, investors started to abandon investment in ico.
Topic: Chinese government banned all of ICOs - page 3. (Read 2669 times)
This news really makes investors feel nervous as most investors expect China to recognize electronic money as legitimate. But the Chinese government is taking steps to ban all ICOs and this is a totally unfavorable thing with electronic money. I hope the market remains stable and continues to grow.
This news is old from last year and since The country changed their mind about this (if I am correct)
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?
Because China is so populated, their governments fear a new currency will cripple the economy, not control the ctyptocurrency. So I think this problem will greatly affect the price and development of ctyptocurrency. Because China is a fertile marketChinese 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 thing is if people within the communist party begin to invest or use BTC for their own personal gain, they might let it go. If they are corrupt and looking for ways to take advantage of that, BTC is probably useful. Not that I condone corruption of course, but just being realistic.
Some fack ico given all investor big pain and Lossing our money it is the very bad moment,chinese government already get it big excited to the safety planned and banned fack ico.but no have banned bitcoin at the real I don't see banned news bitcoin.
Seems like the particular Oriental authorities is getting a growing number of stringent specifically together with cryptocurrencies and also since there is an element of con inside these kinds of icos, which is possibly exactly why they will restrict that. That is excellent even though, given that we will see a smaller amount con icos, and also con icos could be a lot more frightened as a result of stringent principles created by the particular oriental goverment. I do believe icos must be a lot more governed, today they will appear to be a straightforward con approach.
This news really makes investors feel nervous as most investors expect China to recognize electronic money as legitimate. But the Chinese government is taking steps to ban all ICOs and this is a totally unfavorable thing with electronic money. I hope the market remains stable and continues to grow.
I thought this event would not be such a big deal and things would be the way it was but I guess I was wrong. The ban of ICOs in China had such a huge impact on bitcoin's and altcoin's prices. Most of the coins lost its value. I think the investors sold all of their coins to not suffer from huge losses and thats why bitcoin and altcoins had a huge drop in price
Oh nooo.
So they are the reason why everything is going down. Damn these chinese governments. Do they see cryotocurrency a threat to their nation? I mean would it not be better if they welcome or even fully adapt the blockchains? And I wonder what the price will be if a chinese citizen is caught owning cryptocurrency?
I thought this event would not be such a big deal and things would be the way it was but I guess I was wrong. The ban of ICOs in China had such a huge impact on bitcoin's and altcoin's prices. Most of the coins lost its value. I think the investors sold all of their coins to not suffer from huge losses and thats why bitcoin and altcoins had a huge drop in price
This is a bad news to cryptocurrency and it may drive away investors. It is not surprising to see the value fall but I think the trend will reverse with time.
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?
This is not good,It's really hurts for Chinese.I think government has only closed exchanges. But soon they'll be launching their own cryptocurrency through which people can easily buy Bitcoin. 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?
https://www.sosobtc.com/article/23790.html
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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?
BoldItalicizedUnderlineStrikethrough|Insert Bitcoin symbol|GlowShadow|Preformatted TextLeft AlignCenteredRight Align|Horizontal Rule|Font SizeFont Face
Insert FlashInsert ImageInsert HyperlinkInsert EmailInsert FTP Link|Insert TableInsert Table RowInsert Table Column|SuperscriptSubscriptTeletype|Insert CodeInsert Quote|Insert List
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?
Chinese Government become more strict in cryptocurrency. Looking to it, they might found out something scam in ICOS - whcih maily the reason why they banned it to their country. people would benefit from this, not only the chinese one. but lets keep wait to the updates of it.
This is not good in crypto community. I hope the price of bitcoin will recover.
But the Chinese community is really vital in crypto space so hopefully they find other means on how to deal their cryptocurrency investments.
But the Chinese community is really vital in crypto space so hopefully they find other means on how to deal their cryptocurrency investments.
There’s an article regarding China producing their own cryptocurrency: https://m.scmp.com/business/companies/article/2118468/chinas-central-bank-studying-its-own-digital-currency-even-it
So the reason why they are banning te use of bitcoin and any other cryptocurrency even when there’s a lot of chinese who are investing and involved in bitcoin is because the country is planning on producing their own cryptocurrency
Its like that Chinese government becomes more strict in cryptocurrency. Seems that they found some element of scam in ICOS, which become the reason they want to banned it. For the benefit of Chinese. May people would benefit from it since it can be a for of warning to many people not only in China.
China is a big country, everything they control is very safe, 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.
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?
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?
Maybe that is only temporary and later on China will allow again and unbanned ICO's. We don't know maybe China has better plan for crypto or they will start regulate it when they resume to accept and recognized ICO's projects. This thing that happen will always affect cryptocurrency but it was just temporary because crypto market always recover after trials.
Please don't panic, just chinese 
Keep calm for your self.
Lets see how it goes in the next hours
China is a big part of pie in the market. Do not underestimate it. But I think this won't have bad influence on the crypto. Keep calm for your self.
Lets see how it goes in the next hours
That's not a good news for the crypto world considering that a good number of investors are Chinese. News like this will always affect the price of Bitcoin and in turn the alts, but eventually, we will bounce back. Its only a ban, it can be lifted anytime.
This is not good in crypto community. I hope the price of bitcoin will recover.
But the Chinese community is really vital in crypto space so hopefully they find other means on how to deal their cryptocurrency investments.
But the Chinese community is really vital in crypto space so hopefully they find other means on how to deal their cryptocurrency investments.
There’s an article regarding China producing their own cryptocurrency: https://m.scmp.com/business/companies/article/2118468/chinas-central-bank-studying-its-own-digital-currency-even-it
So the reason why they are banning te use of bitcoin and any other cryptocurrency even when there’s a lot of chinese who are investing and involved in bitcoin is because the country is planning on producing their own cryptocurrency
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?
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?
Common sense, it is bad. Did you think that it was good when you get some investor using ICO's then they banned it? Of course it was bad. It could affect bitcoin too much and that's why the price was still going down. This forum or other sites was work because of the ICO's and the China was the one who are the one who create much ICO's and now the forum getting work slowly and people get tired from this and invest to another investment.
It's good it was ban then since they are using it to protect their people from falling for scam ico.
It is just the ICOs released in China and maybe also forbidding their citizens to participate in ICOs though this can be so hard to implement since there are now so many moneyed Chinese and they can go abroad to do what they want. But China govermant has binance for cryptocurrency.
If they want to continue working with ICO, they will find a way to bypass this blockade. This is a good method of making money. So there ways to solve this problem.
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