Topic: is no more ICO's (Read 1060 times)

It doesn't matter china has banned many crypto related stuffs but if you notice the stats the most mining power is from china and the trading volume is also high compared to the world. Many will stop investing but that won't stop ico i hope you are aware that us residents can't invest in ico from starting so China's ban won't cause much of a difference.
Someone once said " Invest in whatever china bans"

I'm just asking myself why people still obey the State. I thought the premise for cryptos was to get rid of banks, which is a State tentacle. Piratebay is still there despite the State persecution it suffered.

i think this will not be a good implication for the china crypto industry. but come to think of it, i Believe NEO is from china right? maybe they want NEO to be their main core for the crypto or it's just many of the chinese businessmen see a big threat from ICO's that's why they are shutting it down?.

Thanks for the input. I was thinking yesterday what will happen to ICO's since it is now banned in China but reading all your posts here makes me still think positively regarding ICO's. I guess the saying "if there's a will, there's a way" applies to future ICO's. If China really bans it there are still other countries who will sure make it legal. But in the meantime, China banning ICO's is still a good way to stop ICO's scamming their investors.

I am still hoping though that they will still allow legal ICO's following the China's rules and regulations if there will be.

I think China has again spooked investors. As was the case in 2014 as it was last year. After some time, everything will be fine and prices will go up.

In the event that ICO does cease to exist what is the primary way that new projects will get going?

Will a legitimate platform with background checks/increased security etc be created for this?

It might not be just China taking such a stance. South Korea recently said it will "punish" ICOs.

Chinese don’t speculate on illegitimate things. They speculated on ICOs because they could pitch a greater fool message that these were something that would be the future. How can they have that sales pitch when most of the major nations will eventually be making ICOs illegal?

China, Russia, Singapore, and South Korea have already made announcements. The SEC also warned and will likely make enforcement announcement soon, which will cause another massive crash to lower levels.

Speculators still haven’t digested that this affects all the ICO-issued tokens, not just the China affiliated ones.

More and more crashing to come for ICO-issued tokens. (May get a dead-cat bounce which would be a good time to sell)

The other nations’ security regulators are not going to stand by and do nothing and let their citizens be subjected to scams, while the Asian countries protect their citizens. That would be very embarrassing to Western nations and abrogation of their responsibility and duty. There is already a contagion of a critical mass of nations now. This is unstoppable and ICOs are dead.


Existing ICO-issued tokens will become illegal, because investment securities are illegal to exchange if not on a registered exchange. And illegally issued investment securities are never legal to trade.

Thus ICO-issued tokens can not be spent decentralized. They are useless because can’t function as a cryptocurrency. At least not legally.

this event is a small bump on the road, Chinese investors will always finds a way to invest in ICO's, but for ICO operator they need to migrate to other country to continue with their operations.

Click the link to the blog so you can read the section:

Excuse my ignorance, but I'm not clearly seeing what the "clear legal way" is. Reading here (where you linked):

https://steemit.com/cryptocurrency/@anonymint/re-h0bby1-re-anonymint-are-most-cryptocurrencies-doomed-to-collapse-because-they-re-ico-issued-20170904t001326092z

I'm not seeing the "clever way".

I'm not a lawyer, so this is beyond my expertise.

I see how PoW gets around the Howey Test. But for crowdfunding a project, I'm not really seeing "the clever way". (Maybe it's just late and I'm being stupid.)

Even ICO has banned from China, I believe there will still be an ICO will be coming and will still alive. Yes, I guess those Scam ICO's will be lessen because of this happen. So more likely, more to come ICO that is still legit and will invest into it.

The chinese ico willl be banned from the chinese right now, but those ico were based in the chinese Country will be fine. Like there are some projects in slovenian even Swiss will be fine and didn't get any impact caused by the chinese regulation.

There is no problem. We can still launch new coins employing fundraising, which won’t create an investment security for the tokens. We just have to do it the clever legal way.


ICOs are dead and will not come back. The situation for them will get worse and worse over the coming months and year, until all the hard-headed have been punished.

Coins can be issued with proof-of-work or with the clever legal way.

The Chinese men has banned ICOs because many ICOs have scammed people recently. ICOs just raise the fund and scam people and run away.
Its a good attempt by them. This doesn't mean there wont be ICOs. There will be ICOs coming but the number of ICOs would be less. If there won't be any ICOs then how would a coin enter the crypto market. I guess there would be some rules for them to be followed in the upcoming days. The number of ICOs will decrease now. The less ICOs the less chances of people being scammed.

I certainly hope that you're wrong. It amounts to throwing the baby out with the bath water.

China is a very centralized control economy, I think they will allow ICO on designated (controlled) blockchains,

It is not just China. Singapore, South Korea, Russia, and the SEC are giving warnings about enforcement action coming against ICOs.

All ICO-issued coins will become delisted from exchanges and illegal to use and trade.

This will become enforced worldwide eventually.


There will be no way around it. The prosecutions and delistings will make ICO-issued coins something that nobody wants to touch.

The ban is silly as there are ways around it. The issue is probably move motivated by currency controls than anything else.

Not only China but even powerhouses like Russia and Korea have followed suite with the ICO ban. This is very bad news for all the legitimate ICOs as major investing players were from China and Russia. More altcoins are sure to resurface after this but will need more than just an ICO to get started which seems to be very difficult in this crypto world with the amount of different come out there.