Topic: Investors Beware: China to Give Death Penalty to ICO Traders? - page 2. (Read 1920 times)
If it is not fake news I guess they will have death penality only for scammers...
Isn't OP exaggerating? How would a person investing in an ICO get a death penalty? This is not a heinous crime and far different from illegal drugs. Aside from that if the person is trading ICO's then for sure he had spend his own money from it. It would be heartless for a government to give such heavy penalty for an ICO traders.
Well if this is the way the Government of China wants to protect it's people from scams, it's a little harsh but at the same time it may stop the Crypto space being riddled with fake and scammy projects. I wonder if this will affect the price of NEO if ICOS are no longer allowed to be run in China?
That explains why i have seen less ICO's to be from china and more from Singapore and other places but is this the last resort of the government..? To be honest such a harsh punishment and we know they mean well and all in an effort to reduce scams but this might affect established currencies negatively and bring fear into crypto users. 
This news is not accurate or I might say that this is just a rumor. If its true, well we don't have any choice since china have the higher alt coin members. Let's just hope that it won't happen.
Well if this is the way the Government of China wants to protect it's people from scams, it's a little harsh but at the same time it may stop the Crypto space being riddled with fake and scammy projects. I wonder if this will affect the price of NEO if ICOS are no longer allowed to be run in China?
why doesn't make a ICO platform to control and use NEO is base currency. I hold some NEO and really curious about this 
Well if this is the way the Government of China wants to protect it's people from scams, it's a little harsh but at the same time it may stop the Crypto space being riddled with fake and scammy projects. I wonder if this will affect the price of NEO if ICOS are no longer allowed to be run in China?
Oh relax guys. This is just another sensationalist story. Just like how kinder candy is banned by USA but not guns in stores (only some states do anyway), and it becomes a big hoo ha. Big deal. By the way, lots of countries have death penalties that have never been enforced. Do you know some of the obscure laws of your country?
Cant be sure? How much you do know about China? Once they would impose such law then they would really mean it. If there would be a death penalty then I strongly believe they would really impose such thing.I see this is really a ridiculous step by them and why it comes so far on which It comes to a point on where giving a serious step to fight ico participants on such place.and they did, so its a bad for those who wants to earn from any ico oh well that's life and that a government that have their own position regarding to this
matter.
I hope that's a fake news... What a shame
Oh relax guys. This is just another sensationalist story. Just like how kinder candy is banned by USA but not guns in stores (only some states do anyway), and it becomes a big hoo ha. Big deal. By the way, lots of countries have death penalties that have never been enforced. Do you know some of the obscure laws of your country?
Cant be sure? How much you do know about China? Once they would impose such law then they would really mean it. If there would be a death penalty then I strongly believe they would really impose such thing.I see this is really a ridiculous step by them and why it comes so far on which It comes to a point on where giving a serious step to fight ico participants on such place.and they did, so its a bad for those who wants to earn from any ico oh well that's life and that a government that have their own position regarding to this
matter.
Oh relax guys. This is just another sensationalist story. Just like how kinder candy is banned by USA but not guns in stores (only some states do anyway), and it becomes a big hoo ha. Big deal. By the way, lots of countries have death penalties that have never been enforced. Do you know some of the obscure laws of your country?
Cant be sure? How much you do know about China? Once they would impose such law then they would really mean it. If there would be a death penalty then I strongly believe they would really impose such thing.I see this is really a ridiculous step by them and why it comes so far on which It comes to a point on where giving a serious step to fight ico participants on such place. 
Oh relax guys. This is just another sensationalist story. Just like how kinder candy is banned by USA but not guns in stores (only some states do anyway), and it becomes a big hoo ha. Big deal. By the way, lots of countries have death penalties that have never been enforced. Do you know some of the obscure laws of your country?
Now the main question is, will your attitude change next time you read white paper
published by China based team raising funds for new innovative project. I regret missing out on some good Chinese projects but who knows it might have been blessing.
What about you are you going to be more cautious?
I agree with some of you that the article(s)/news might not be based on facts but everything is possible specially with the upcoming Chinese communist party congress where new leadership will be selected.
https://www.ft.com/content/75a09c43-1916-37c4-af3d-dc1d3bb4df90
published by China based team raising funds for new innovative project. I regret missing out on some good Chinese projects but who knows it might have been blessing.
What about you are you going to be more cautious?
I agree with some of you that the article(s)/news might not be based on facts but everything is possible specially with the upcoming Chinese communist party congress where new leadership will be selected.
https://www.ft.com/content/75a09c43-1916-37c4-af3d-dc1d3bb4df90
Thats certainly bad news for the cryptocurrency world, especially the project owner and developer. china is the biggest market in Asia and very high demand for investment. ICO will lose one of the largest potential markets in the world, and will significantly affect for ICO crowdsale
This is just unsubstantiated rumor and gossip with no evidence behind it whatsoever. It's been circulating amongst crypto journalists for a while. The keep republishing this nonsense to get clicks on their crappy Bitcoin websites.
The reality is that the Chinese National government is cracking down hard on pyramid schemes and other sorts of financial fraud often associated with organized crime. A few dodgy ICOs might be caught up in this but they're a tiny part of a much wider problem.
Genuine financial innovation, including cryptos is still encouraged in China. They may even be developing a progressive attitude to ICO.
More information in our blogs about this topic:
https://medium.com/@andrew.mccarthy/icos-based-in-china-a-concern-for-investors-1b4b3f244cfc
https://medium.com/@andrew.mccarthy/investigation-into-shanghai-blockchain-summit-national-crackdown-or-simple-misunderstanding-6e851fbf20ec
The reality is that the Chinese National government is cracking down hard on pyramid schemes and other sorts of financial fraud often associated with organized crime. A few dodgy ICOs might be caught up in this but they're a tiny part of a much wider problem.
Genuine financial innovation, including cryptos is still encouraged in China. They may even be developing a progressive attitude to ICO.
More information in our blogs about this topic:
https://medium.com/@andrew.mccarthy/icos-based-in-china-a-concern-for-investors-1b4b3f244cfc
https://medium.com/@andrew.mccarthy/investigation-into-shanghai-blockchain-summit-national-crackdown-or-simple-misunderstanding-6e851fbf20ec
There are many people who are openly involved in crypto and ICOs.
Most of the enthusiastic youths and young business persons.
A hardline approach can be counteractive for the communist party.
Most of the enthusiastic youths and young business persons.
A hardline approach can be counteractive for the communist party.
If launching an ICO for a good cause project then why do they need to be punished? If China made it illegal to launch ICos then there must be a reason for doing so. I dont wonder much. Maybe scammers are everywhere in China that's why.
I think the question is not clear because ICO conducting owners or people who are participating in ICO. See firstly Blockchain should be done legal activities in order to control the ICO. Daily many ICO's are being launched with different innovative though but how far their legit nobody doesn't know, so governments should come forward and ask them to prove themselves whether they are legit or not.
So people abused the ICO mechanism and now you are all surprised and complaining that the authorities are taking things in their own hands? Lets wait and see what comes out of this and how other countries react.
If things are that bad in China they might put this kind of funding on ice until regulations come out.
If things are that bad in China they might put this kind of funding on ice until regulations come out.
An article on Forbes, one in Business Insider, and quite a lot of others on cryptocurrencies news websites ... fake news it doesn't seem to be. Damn, that's a bit rough ... 
Been telling myself that, too. Not sure how this'll pan out, or if the Chinese gov would go through with this. Seems like a paradox, considering what happened in the last few months ...
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.
Been telling myself that, too. Not sure how this'll pan out, or if the Chinese gov would go through with this. Seems like a paradox, considering what happened in the last few months ...
Chinese ICOs are crazy. The government just wants to prevent the next bubble. Everyone is just printing money in China then when it busts, lots of bag holders.
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