Topic: ICO is officially banned in China !!! - page 6. (Read 11280 times)

China has enacted a major clampdown on how citizens can legally access and trade cryptocurrency in the past six months.

September saw the second exchange shutdown of 2017 become a permanent moratorium on crypto-to-fiat platforms, with lawmakers signaling earlier this month they would seek to end “centralized” exchange activities altogether.

September also saw a sudden halt on ICOs, with projects which had already accrued funds but not launched tokens being obliged to return investments.

Against the current backdrop of additional clampdowns on mining activity in China, Yang’s words thus appear surprising.

While confirming over-the-counter and overseas exchanges “would be strictly regulated,” local news outlet 8btc reports that Yang added that the remedial regulatory climate in China was ostensibly meant to weed out “bad” ICO projects to allow bonafide offerings to flourish.

I’ve heard that ICO is not official banned  in China, it’s just temporary. But if this is official, maybe it’s really a bad new ever. It takes a huge impact to the value of crypto market. As you know that China is one of the big countries where gathers so many investors. China government hold their strict rugulation to take bitcoin out of the world, and this is crazy thing. Maybe some Chinese meet difficulties in do investing.

China banned ICO's because they want to protect their people to get fraud or  to be scam.NOt all ICO's are scam,there are ICo's that has also good and give a good profit.

China is a country that has grown and will dominate the international market, China has already seen the results of bitcoin and they are very eager to carry bitcoin, if not wrong China already holds a few percent bitcoin.
and be very careful when china has full hold of bitcoin.
maybe later there will be more besides bitcoin which will be controlled by china.

As i remember this is a fake new, China had suspended for a while the ICO investment since a lot people were cleaning their dirty money into them, and when they had took this position bitcoin exchanges as well mining companies were worryed with the future as the ban could affect all of them. The only thing had made were turn those companies working without  a license a bit more secure with the legalization of their business.

Chinese citizens have been excluded from participation in ICO for some time now so essentially it is old news rehashed. If you look at all the ICO whitepaper or Terms and COnditions they will explicitly state that it is not available to Chinese or US citizens.

Is this news legit? Shall we see it broadcast in international news agencies? Because I think maybe Bitcoin and other crypto currencies are a very hot and entertaining topic. If it's true , then it is a sad story, but untill then, let's just wait for the official announcement.

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its just a mess because china has a large population

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Yes their government has done the right thing to protect their people however totally banning ICO is not a good thing to do. Not all the ICO are scam there are so many projects that can bring a lot of advantages to the community. The alternative way is to make a strict regulation about that and maybe create a department to keep an eye on those investments.

This is really bad, i couldn't believe that China finally did this you know what majority of miners come from that country so whatever happens out there it will affect the industry.

I hope no more country qill ban bitcoin and crypto or even ICO because they have effect to us like the price decreasin. Because those people who are live to china no choice to sell their coins or token..

In China in principle very strict laws and orders therefore I am not surprised at all that even ICO there under the ban. The Chinese government and the cryptocurrency are not welcomed.

Yeah, i searched some news on the weibo , they are drastically against Bitcoin , they don't accept Bitcoin in their method payment, investment market or even holding , storing , mining purpose also. This is really a disaster move of China in their crypto market industry.

With the declaration of the Chinese state previously, the restriction on the IOC in this tycoon nation is completely conceivable. In any case, I imagine that China may have concurred with some different nations, for example, Russia, to assemble their own electronic cash on a blockchain premise so they can improve the situation administration. for the Cryptocurrency showcase.

I just think ico is just not theirs because china wants to promote their ico project rather than the other ico that's so messy because they know so much scam so they know they do not want the ico

The news is absolutely legit. But the ban is just China's way to give them time in order to come with a regulation for this. I'm seeing this ban will be lifted once they come up with a way to properly tax it of course.

are you sure about this ? i start to doubt if there are some news about china
because last time i heard the news about china, it turned to be FUD that was spread.
anyway, because many scam ICO, it is normal that it got banned.