Chinese government banned all of ICOs - page 4.

Ailmand

hero member

Activity: 1274

Merit: 519

Coindragon.com 30% Cash Back

Quote from: sosobtc-Regina on September 04, 2017, 08:54:00 PM

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?

I think the Chinese government is just controlling how the ICOs could affect their own cryptocurrency market as well as the coins that originate in their locale, plus the ICOs that also come from their country. China is a big country, and so, it is also a big market, even for cryptcurrency, and that's why, they would try to give a boost to local cryptocurrency activities because they can also take advantage of it such as the case of NEO. Many people believe that NEO is a counterpart of Ethereum, and it would not reach that level if not for the strategies done by developers in China.

Starving_Marvin

sr. member

Activity: 511

Merit: 250

Open and Transparent Science Powered By Blockchain

I agree that the prices will be high as soon as possible because of such news. As China is a powerful country in the global economy, and any of its actions are reflected in everything. Therefore, it is worth thinking about such projects, maybe it's really not the content to join them.

adjudicator

full member

Activity: 281

Merit: 100

Quote from: sosobtc-Regina on September 04, 2017, 08:54:00 PM

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?

Yeah, before when China banned the cryptocurrency at their country it has a effect to the market, bitcoin goes down but it not takes a month, because a month from that situation bitcoin start to goes up again, although it is a bad thing, there are still lots of countries that appreciate bitcoin and other cryptocurrency.

bits4books

sr. member

Activity: 854

Merit: 264

Crypto is not a religion but i like it

Quote from: appics on December 27, 2017, 09:18:15 PM

The asian cryptomarket is very powerful, that's why the chinese ICO Ban affected the whole market and everything dropped. Each time an asian trading site listed a certain coin this coin increased highly. So we hope that the chinese government will overthink their decision. In the end we think that cryptocurrencies are the future and they can't be stopped long term.

I really say I'm very powerful and banging all ICO is not a good sign for all of us. But still we have opportunities to join more projects because many of Chinese people using ICO to earn money.

vual

hero member

Activity: 714

Merit: 500

Appears like the actual Chinese language federal government gets increasingly more rigid particularly along with cryptocurrencies as well as while there is some rip-off within these types of icos, that's most likely the reason why these people prohibited this. This really is great although, because we will have much fewer rip-off icos, as well as rip-off icos will be much more scared because of the rigid guidelines produced by the actual Chinese language government. I believe icons have to be much more controlled, at this time these people seem like a simple rip-off technique.

maloibtc

member

Activity: 322

Merit: 10

I think that the Chinese government will accept btc and ICOs in the nearest future after they understand that they need to choose the best coin to use and benefit from the advantages offered

Vanes_brz

newbie

Activity: 126

Merit: 0

Of course it's bad news. China has a very tough government.. I think that the ICO ban will affect the price.. a lot of companies are opening there and what they will do is not yet clear

gamechangers

member

Activity: 392

Merit: 10

Apart from the fact that the Chinese government has not been showing any support for cryptocurrency, I seem to like this move in a way. For one reason that majority of the ICOs are now scams. ICOs may be completely scrapped in future if there is no proper way to screen and certify the projects before people invest.

ChemisTea

newbie

Activity: 11

Merit: 0

For now this event greatly affects ICO industry. Sure the people will find ways to bypass, but the regularization must be of a good cause for the country itself. This move is probably to avoid losing money from scams and hacks. Which is a good move for the citizens of China.

Javed zaman

newbie

Activity: 50

Merit: 0

China has almost every social media sites then this is not a big surprise.

MalcolmBee

newbie

Activity: 70

Merit: 0

The same opposers have argued against the ICO industry, by stating that the novel startup funding method has gathered so much hype and mania that there remains little sensibility or sustainability behind an otherwise interesting concept.

capn

full member

Activity: 236

Merit: 100

Quote from: tanjilrifat on May 26, 2018, 07:10:13 AM

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.

maxreish

sr. member

Activity: 1330

Merit: 326

Nothing we can do if that's the decision of their government, the only thing we can do now, is to respect the decision that they made about ICOs.

Ng93

full member

Activity: 266

Merit: 100

This is old news, and I think it is the right decision of the Chinese government. There is a lot of risk in ICO companies. The government immediately protected itself from the possibility of losing money. I am also sure that China, as a Republic with a Communist system, does not give the right to many who want to become richer than others. Communism is equality. And this is the main reason for the ICO ban in this Republic.

icreative998

newbie

Activity: 79

Merit: 0

Quote from: sosobtc-Regina on September 04, 2017, 08:54:00 PM

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 market

bizarro

member

Activity: 291

Merit: 10

Quote from: sosobtc-Regina on September 04, 2017, 08:54:00 PM

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?

If you do not live in China there is nothing to worry about, it does not matter to you. It is important not to read news that is not related to your future. Although in general this is a bad thing for such programs.

kirkarsedat

newbie

Activity: 140

Merit: 0

As happened last time, the crisis didn't last long . The news was spread to lower BTC prices, in fact this is an opportunity for us to buy Bitcoin with low. and bitcoin recovered and pumped again

Cotton Candy

full member

Activity: 392

Merit: 100

Quote from: sosobtc-Regina on September 04, 2017, 08:54:00 PM

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?

It is just the ICOs released in China and maybe furthermore disallowing their occupants to share in ICOs anyway this can be so hard to execute since there are by and by such countless to-do Chinese and they can go to another nation to do what they require. In any case, China government has back for advanced cash.

iranman

newbie

Activity: 70

Merit: 0

The Chinese government specifically took the time to think about what and how to do in crypto. To date, the main hash of power is on the territory of China. We will watch the development of events!

bubble pop

full member

Activity: 265

Merit: 100

Quote from: sosobtc-Regina on September 04, 2017, 08:54:00 PM

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?

It is just the ICOs released in China and maybe also disallowing their inhabitants to share in ICOs anyway this can be so hard to execute since there are by and by such a critical number of well-to-do Chinese and they can go to another nation to do what they require. In any case, China government has back for computerized cash.

Topic: Chinese government banned all of ICOs - page 4. (Read 2669 times)