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Topic: ICO forbidden in China? Will same thing eventually happen in all countries? - page 2. (Read 1345 times)

legendary
Activity: 3248
Merit: 1402
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Not every country will ban ICOs. Or even put regulations on them. But I think the ICO craze will soon die off. Most of them seem to offer a product that is easy to make, they take the money, then take years to actually produce anything. It doesn't seem to be a great way to instill trust in the crypto community. Many projects have done really well without ICOs. Even if China and the US has strict regulations on ICOs people will find ways around it and invest anyway. I could see more ICOs offering to be funded with zencash, monero, zcash, and hosted in countries with no regulations.
Well, when the craze will die in countries like USA or China, it will only begin in small countries. Unfortunately, that's what I see in my country. Most of people don't even know cryptocurrencies exist but I've already accidentally seen a job offer on helping to launch ICO and found out that now one ico is launched at once! And I'm talking about Ukraine! I think we'll soon see icos from countries of which most of Europeans and USA citizens have probably never heard.
full member
Activity: 182
Merit: 100
In my opinion it is better that china and other counrty will regulate ICO as we can see whos legit and a really promising project to step on. As i heard about the news china decide to ban ICO to check the companies back ground of it so they will see whos Scam ICO this is a good news for the long run. But as of this situation our btc is not in danger.... Also investors can check the company profile if they have the foundation to make ICO and IPO
newbie
Activity: 21
Merit: 0
I agree with you that all countries have the opportunity to make the regulation prohibit ICO for the same reason as the regulation made by China unless there is an ICO project in a country requesting the government's approval to make ICO and part of the profits left to the government I do not think the government will interfere about ico again.

But if government interferes in every altcoin, won't it make every currency centralised? Isn't it what crypto community is trying to avoid?
hero member
Activity: 490
Merit: 500
kroken, japan had followed chinese goverment.
newbie
Activity: 21
Merit: 0
This is what we should have done ourselves instead of letting in Government to do that for us, Gnosis, Aeternity etc are obvious greed and scam, I can pick for now. There should be no ICO that should raise more than $5 million. Most have nothing on ground and will raise millions of USD for no product.
I've seen somewhere on this forum that all ICO raising more than $300,000 are scams. How to understand which opinion is right? Or these are just opinions and it is better to trust your own research?
full member
Activity: 308
Merit: 100
I agree with #2 but i think the reason for banning ICOs is actually just like with other investment schemes. They do want to protect the population, regulate the market and not have thousands of investors each case who lost money. Lots of investment scams going on, and ICO is a perfect platform for all of them, so i think thats why regulation comes. From what the REAL news actually is, related to china, and the hard facts about all countries, that it will be perfectly fine to launch new coins, but there needs to be some security, some clear warnings to investors (that they may lose all), maybe even documents signed, plus probably some external monitoring. And also it will surely become mandatory that the people behind an ICO cant enrich themselves from it just from the launch.

I kinda agree with you, there should be regulations and measures put in place to protect peoples investments in the ICOs
full member
Activity: 146
Merit: 100
Regulating or banning ICO's could be a good for the coin prices since the money in crypto will be spread over all coins, when there are less coins average price will be higher.

Although this is what keeps me busy

The event in China caused Bitcoin and Ethereum price to fall. Why do you think it might be a good thing?

Because the crypto market will otherwise be flooded with new coins, the China ban will help that this wont happen.
sr. member
Activity: 560
Merit: 250
There is a possibility that this might happen. China banning ICOs are one of the shocking and unexpected turn of events in ICO organization. Frankly, this really affects now the pricing of bitcoin. There is a also a possibility that the neighboring countries of China will be aware of this ICO. I hope they should consider and investigate and give chance for the ICO organization to explain their side and from that they should make a final decision.
I agree with you that all countries have the opportunity to make the regulation prohibit ICO for the same reason as the regulation made by China unless there is an ICO project in a country requesting the government's approval to make ICO and part of the profits left to the government I do not think the government will interfere about ico again.
full member
Activity: 476
Merit: 100
There is a possibility that this might happen. China banning ICOs are one of the shocking and unexpected turn of events in ICO organization. Frankly, this really affects now the pricing of bitcoin. There is a also a possibility that the neighboring countries of China will be aware of this ICO. I hope they should consider and investigate and give chance for the ICO organization to explain their side and from that they should make a final decision.
sr. member
Activity: 420
Merit: 250
Not every country will ban ICOs. Or even put regulations on them. But I think the ICO craze will soon die off. Most of them seem to offer a product that is easy to make, they take the money, then take years to actually produce anything. It doesn't seem to be a great way to instill trust in the crypto community. Many projects have done really well without ICOs. Even if China and the US has strict regulations on ICOs people will find ways around it and invest anyway. I could see more ICOs offering to be funded with zencash, monero, zcash, and hosted in countries with no regulations.
newbie
Activity: 14
Merit: 0
They have a greater concern with the economy of the country,

ICO's could end up with a government plan, but I find it unfair to ban cryptomoedas in general  Huh
member
Activity: 112
Merit: 10
Recently the government of China has forbidden all ICOs and initiated a major check of all projects. Moreover, all ICOs now have to return the funds to investors.
Do you think same thing might happen in other countries as well, or everything will stop on China?

No way, there are many countries like Japan and Malta doing everything in their power to accept bitcoin and then I think subsequently other alt coins as well

China just affects us more right now because it's such a large market but I really believe the scales will tip in the favour of more countries getting on board with crypto than those banning it
hero member
Activity: 1428
Merit: 653
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Recently the government of China has forbidden all ICOs and initiated a major check of all projects. Moreover, all ICOs now have to return the funds to investors.
Do you think same thing might happen in other countries as well, or everything will stop on China?

Yes it could happen elsewhere.
I think we must not lose sight of the fact that Bitcoin and cryptocurrencies are creating a new economic system which is a thread for central banks, state institutions and so on. And states and banks are still very powerful! So, they could present cryptocurrencies like something bad, dangerous, not safe, and they could make them illegal to protect themselves.

Yes other countries may follow China and even if they don't ban ICOs completely they might bring them under law and make some strict rules for ICOs and even for cryptocurrencies under the pretext of preventing their misuse by criminals and terrorists.
sr. member
Activity: 588
Merit: 252
This is what we should have done ourselves instead of letting in Government to do that for us, Gnosis, Aeternity etc are obvious greed and scam, I can pick for now. There should be no ICO that should raise more than $5 million. Most have nothing on ground and will raise millions of USD for no product.
newbie
Activity: 21
Merit: 0

Yes it could happen elsewhere.
I think we must not lose sight of the fact that Bitcoin and cryptocurrencies are creating a new economic system which is a thread for central banks, state institutions and so on. And states and banks are still very powerful! So, they could present cryptocurrencies like something bad, dangerous, not safe, and they could make them illegal to protect themselves.

So there is no real way to protect your investments? Just hope that it won't happen in nearest future? Smiley
sr. member
Activity: 476
Merit: 254
Recently the government of China has forbidden all ICOs and initiated a major check of all projects. Moreover, all ICOs now have to return the funds to investors.
Do you think same thing might happen in other countries as well, or everything will stop on China?

Other dominant countries are expected to follow suit as they have seen the devastating effect the policy have on crypto coins and they will be ready to unleash this in as much that their intention is to kill digital currency but at the same time the implementation will not be the same across board while some countries will regulate in other to cut the overcrowded excesses.
newbie
Activity: 21
Merit: 0
Regulating or banning ICO's could be a good for the coin prices since the money in crypto will be spread over all coins, when there are less coins average price will be higher.

Although this is what keeps me busy

The event in China caused Bitcoin and Ethereum price to fall. Why do you think it might be a good thing?
hero member
Activity: 672
Merit: 501
Recently the government of China has forbidden all ICOs and initiated a major check of all projects. Moreover, all ICOs now have to return the funds to investors.
Do you think same thing might happen in other countries as well, or everything will stop on China?

Yes it could happen elsewhere.
I think we must not lose sight of the fact that Bitcoin and cryptocurrencies are creating a new economic system which is a thread for central banks, state institutions and so on. And states and banks are still very powerful! So, they could present cryptocurrencies like something bad, dangerous, not safe, and they could make them illegal to protect themselves.
full member
Activity: 146
Merit: 100
Regulating or banning ICO's could be a good for the coin prices since the money in crypto will be spread over all coins, when there are less coins average price will be higher.

Although this is what keeps me busy
full member
Activity: 168
Merit: 100
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showing with the nuance on absence as fair with the chance as becoming parts of partisan with the global field of schemes with the crypto currency

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