Topic: Investors Beware: China to Give Death Penalty to ICO Traders? (Read 1920 times)
Is this really true? I havent heard this news yet. If this is really true, boy am I glad i dont live in China.
September 04, 2017, 06:07:34 AM
ICO = scam by definition, now even China says it.
Need more proof?
Need more proof?
September 04, 2017, 06:04:16 AM
This is hillarious. Has to be a joke. Its okay for CHina to trade with United States of AMerica and its arch rival, Notrth Korea, but htey will hand or shoot people who indulge in trading. I smell bullshit
September 04, 2017, 05:57:22 AM
Aaaaand it happened. I wonder what will Japan and SK do. It's definitely a (low) blow imo but it makes coins a little cheaper to purchase so it's all good in the end? With the upcoming metropolis ETH might surface better in the end.
I don't know about death penalty though, it sounds so medieval and useless in this context.
I don't know about death penalty though, it sounds so medieval and useless in this context.
September 04, 2017, 05:40:32 AM
The current situation in China is very unstable. They constantly forbid the ICO from using the NEO platform and this made me lose a lot of property. I think the Chinese market is influential all over the world, if the government enacts certain laws then surely the Cryptocurrency market will be unstable in the short term.
September 04, 2017, 05:24:42 AM
What happened with this chinese ? After they sold much graphic board for ethereum mining. Now they banned the ico. Not onle banned next ico. But who trade ico token ? And that death penalty ? Omg this is the over reacting from china goverment.
Thanks god we have japanese and korean now. Also putin is in our side now...
Thanks god we have japanese and korean now. Also putin is in our side now...
September 04, 2017, 05:18:03 AM
i think this guy summed it up really well in his post : https://www.reddit.com/r/NEO/comments/6xz6tl/how_china_banned_icos_and_how_you_can_benefit/
doesn't seem that bad to me, just people panic and sell. I'm buying up right now while the price is low.
Thanks for the article, it's a good read ! I'm personnaly waiting a bit more for the prices to go even lower. doesn't seem that bad to me, just people panic and sell. I'm buying up right now while the price is low.
September 04, 2017, 05:09:12 AM
i think this guy summed it up really well in his post : https://www.reddit.com/r/NEO/comments/6xz6tl/how_china_banned_icos_and_how_you_can_benefit/
doesn't seem that bad to me, just people panic and sell. I'm buying up right now while the price is low.
doesn't seem that bad to me, just people panic and sell. I'm buying up right now while the price is low.
September 04, 2017, 05:05:24 AM
China has banned ICO's that's not fake news, but I haven't seen anyone talk about giving Death penalty...
September 04, 2017, 04:55:43 AM
is it that bad? In my opinion. Such regulation indicates a concern and negative thinking about ico. whether there is no other way more comprehensive
September 04, 2017, 04:29:42 AM
Yea this is the end of speculations, the massage send by Chinese authorities is loud and clear.
“committee led by China’s central bank today announced an immediate ban on ICO funding”
https://techcrunch.com/2017/09/04/chinas-central-bank-has-banned-icos/?ncid=mobilenavtrend
“committee led by China’s central bank today announced an immediate ban on ICO funding”
https://techcrunch.com/2017/09/04/chinas-central-bank-has-banned-icos/?ncid=mobilenavtrend
September 01, 2017, 01:24:00 AM
Don't really see death penalties being handed out for participating in ICOs but other measures like a few months jail time and some cash penalty would seem to be where they're heading with this idea.
Using a simple VPN which doesn't store logs could be the solution for the Chinese people to invest in ICOs and even that is that their own risks.
Using a simple VPN which doesn't store logs could be the solution for the Chinese people to invest in ICOs and even that is that their own risks.
September 01, 2017, 01:08:44 AM
I can not imagine the death penalty for ICO perpetrators, this is very unreasonable.
If it is true like that will be much exposed to punishment because almost 30% of China's population plunge into ico.
If it is true like that will be much exposed to punishment because almost 30% of China's population plunge into ico.
September 01, 2017, 01:05:50 AM
Better unload those NEOs then.. Nor ICOs going to be hosted there..
Joking aside, I'm thinking they will mainly go after unregulated stuff.
Joking aside, I'm thinking they will mainly go after unregulated stuff.
September 01, 2017, 01:01:44 AM
China is a very strict country in legal matters, so this news may be true and not a hoax, but I think they only punish the perpetrators of scammer crime
As if the link provided wasn't interesting enough OP had to add the clickbait about the death penalty. And as the responses indicate most folks don't even read the link provided to discover zero content about death penalty. Maybe that's why investors need government protection from the ICO fraudsters. To stupid to even do the research.
This. It's just click bait. If an ICO is associated with true financial fraud and possibly organised crime and violence, of course the Chinese government will punish those criminals hard. They should.
Legit ICOs and other financial innovation have nothing to worry about.
As if the link provided wasn't interesting enough OP had to add the clickbait about the death penalty. And as the responses indicate most folks don't even read the link provided to discover zero content about death penalty. Maybe that's why investors need government protection from the ICO fraudsters. To stupid to even do the research.
What a rumor.
"Anyone looking to raise funds in China through an ICO can sleep better. Five years in prison is the maximum jail time that awaits those whose token has been ruled an illegal security. Only those fraudulently raising money can expect higher sentences, and even life imprisonment."
https://www.forbes.com/sites/leonhardweese/2017/08/30/blockchain-icos-can-china-issue-the-death-penalty-for-illegal-fundraising/#4e15b6d46225
"Anyone looking to raise funds in China through an ICO can sleep better. Five years in prison is the maximum jail time that awaits those whose token has been ruled an illegal security. Only those fraudulently raising money can expect higher sentences, and even life imprisonment."
https://www.forbes.com/sites/leonhardweese/2017/08/30/blockchain-icos-can-china-issue-the-death-penalty-for-illegal-fundraising/#4e15b6d46225
This is something ridiculous,or this is a fake news. Because from a country that has been accepting bitcoin in large scale compared to other nations as well having large number of people actively into bitcoin and other digital currencies coming up with such a plan will surely ruin the value of the country among the countries that make it legal.
ICO is different with the bitcoin, the ico has a high chance to be turned into the another scam. that's why the pboc try to regulate the ico. It seems to be a normal thing if you see the fact that too many ico already turned into the scam but not at all. But the news is not 100% true in my opinion. Jump to: