| NEO Smart Economy⚡Now a Top 10 Cryptocurrency⚡| Official Thread |Updated Aug10 - page 257.

Rogerdale

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Activity: 700

Merit: 330

Quote from: InvestBuzz.com on September 04, 2017, 09:00:26 AM

Quote from: Rogerdale on September 04, 2017, 08:46:02 AM

Here is the full statement:

http://www.miit.gov.cn/n1146290/n4388791/c5781140/content.html

Any Chinese people here who can translate or explain it? The article on Coindesk https://www.coindesk.com/china-outlaws-icos-financial-regulators-order-halt-token-trading/ says:

Quote

The third article states that the regulation on trading platforms shall be tightened, "as of the date of this announcement, trading platforms shall not conduct any exchange business between fiat money and virtual currencies, shall not provide information and price for virtual currency trading."

They request to stop trading ICO tokens (as far as I understand, including previous solid ICOs like VEN, OMG, EOS and others) on Chinese exchanges, which is very serious.

Chinese exchanges are not the only player in the game. Bittrex and Polo can't be touched by chinese regulators.

Without Chinese exchanges, most of ICOs wouldn't cost that much. How far will Red Pulse token go if it doesn't get to any Chinese exchange (which is quite likely)?

InvestBuzz.com

newbie

Activity: 30

Merit: 0

Quote from: Rogerdale on September 04, 2017, 08:46:02 AM

Here is the full statement:

http://www.miit.gov.cn/n1146290/n4388791/c5781140/content.html

Any Chinese people here who can translate or explain it? The article on Coindesk https://www.coindesk.com/china-outlaws-icos-financial-regulators-order-halt-token-trading/ says:

Quote

The third article states that the regulation on trading platforms shall be tightened, "as of the date of this announcement, trading platforms shall not conduct any exchange business between fiat money and virtual currencies, shall not provide information and price for virtual currency trading."

They request to stop trading ICO tokens (as far as I understand, including previous solid ICOs like VEN, OMG, EOS and others) on Chinese exchanges, which is very serious.

Chinese exchanges are not the only player in the game. Bittrex and Polo can't be touched by chinese regulators.

Rogerdale

sr. member

Activity: 700

Merit: 330

Here is the full statement:

http://www.miit.gov.cn/n1146290/n4388791/c5781140/content.html

Any Chinese people here who can translate or explain it? The article on Coindesk https://www.coindesk.com/china-outlaws-icos-financial-regulators-order-halt-token-trading/ says:

Quote

The third article states that the regulation on trading platforms shall be tightened, "as of the date of this announcement, trading platforms shall not conduct any exchange business between fiat money and virtual currencies, shall not provide information and price for virtual currency trading."

They request to stop trading ICO tokens (as far as I understand, including previous solid ICOs like VEN, OMG, EOS and others) on Chinese exchanges, which is very serious.

CryptoGreenT

full member

Activity: 294

Merit: 101

It's sale period on most coins LOL!!! This is a good moment to buy. Don't be afraid the market will recover shortly probably at the end of the month. It's improbable that China will ban ICOs since Neo is a smart contract platform and ICOs are fundamental for its success. Though I would wait to buy since I think prices will go lower. This is my prediction so don't take this absolute truth!

kazanchev

member

Activity: 95

Merit: 10

Quote from: bravetheheat on September 04, 2017, 08:06:09 AM

I cannot watch the CCTV video on youtube, it's a private channel.
Anyway, it's impossible that CCTV will broadcast this ICO, if CCTV want to talk about blockchain they will talk about BTC or other coins, not this new coin.
It looks to be fake.

I want to see more details about this coin.

LOL what!?

bravetheheat

sr. member

Activity: 457

Merit: 251

I cannot watch the CCTV video on youtube, it's a private channel.
Anyway, it's impossible that CCTV will broadcast this ICO, if CCTV want to talk about blockchain they will talk about BTC or other coins, not this new coin.
It looks to be fake.

I want to see more details about this coin.

meccaflare0

sr. member

Activity: 336

Merit: 250

Do the thing and you'll have the power.

Quote from: Ashara on September 04, 2017, 07:50:11 AM

https://www.cnbc.com/2017/09/04/chinese-icos-china-bans-fundraising-through-initial-coin-offerings-report-says.html

The most important sentence in that article: "The statement added that enhanced management is needed on digital coin fundraising platforms."

ICOs will be accepted again in China once regulation is in place. I do not mind as this time is perfect to add to my position.

This china situation is creating a hell of a time to buy neo
Anyone who think China won't come around to ICOs is nuts.
Russia went to banning BTC to embracing. Anything is possible

Alphi

hero member

Activity: 798

Merit: 1000

Quote from: Ashara on September 04, 2017, 07:50:11 AM

https://www.cnbc.com/2017/09/04/chinese-icos-china-bans-fundraising-through-initial-coin-offerings-report-says.html

The most important sentence in that article: "The statement added that enhanced management is needed on digital coin fundraising platforms."

ICOs will be accepted again in China once regulation is in place. I do not mind as this time is perfect to add to my position.

http://bitcoinwiki.co/antshares-blockchain-completes-ico-securing-4-5m-and-microsoft-partnership/

The problem that we have is that ANT Shares AKA NEO was itself launched from an ICO.
The Chinese government has now issued a statement that all ICOs are to be refunded so if they enforce this then it could mean that the NEO developers will have to return all their funds to the original investors.

"Individuals and organizations that have completed ICO fundraisings should make arrangements to return funds, said a joint statement from the People’s Bank of China, the securities and banking regulators and other government departments, that was posted on the central bank’s website."

https://www.reuters.com/article/us-china-finance-digital/china-bans-initial-coin-offerings-as-illegal-fundraising-idUSKCN1BF0R7

It's too early to say whether the Chinese government will enforce this but interesting times indeed.

The bigger risk IMO is if NEO gets suspended from trading on Chinese exchanges because was an ICO.

Ashara

full member

Activity: 211

Merit: 100

https://www.cnbc.com/2017/09/04/chinese-icos-china-bans-fundraising-through-initial-coin-offerings-report-says.html

The most important sentence in that article: "The statement added that enhanced management is needed on digital coin fundraising platforms."

ICOs will be accepted again in China once regulation is in place. I do not mind as this time is perfect to add to my position.

BuHoBeH

full member

Activity: 640

Merit: 103

China and bitcoin forbade, but then resolved, I think so and with the ICO will, just will the ICO goes through a lot of checks, thereby protecting us investors.

Papski

sr. member

Activity: 336

Merit: 250

Quote from: ?? on ??

kazanchev if u need Money for learning how to trade or understand the world, give me ur BTC adress i would spend some of my in 2 months earned 500k.

No sorry not Btc, bc im out of all cryptos right now, just give me ur bank Code, ill send u 500 Dollar. To buy some Trading books, and Basic understanding of the world we live in.

How about signing a message from your bitcoin address rather than spouting out useless and retarded posts. I don't even know why you are here if you are against this unregulated crypto you are a big hypocrite.

kazanchev

member

Activity: 95

Merit: 10

Quote from: ?? on ??

It was time to secure all the dumb peopels like u, from that shit ICOs.
Companys which take millions of Money without an product just some dreams on a White paper( or a smsll Software which in the past a 15 year old programmed in their parents Garage without any money), getting Money without regulations, the first thing they did is buy a lambo and a house.
Europe will follow soon, and then in 1-2 years crypto gets regulated too and all the wahles which are only in for taking poors Money will leave to another playground.
So hope u get rich in that 1-2 more years, good luck.... i will cash u out too as Long as its possible Cheesy

, i started with 20k now i have half a Million bc of that unregulated playground.

Dont forgett 0,67% of all Bitcoin adresses hold 92,5% of all Bitcoin, and adresses doesnt mean peopels.
And Bitcoin isnt desentralized with Roger Ver and the Core, Regulation is needed without it its like living in the jungle, where only the fittest survive. If u want no laws i just hope ur Kids dont get raped (maybe then u think about it in dif way) , without laws Chance gets very high they will .

Now you have money to learn English.

ColdZerk

full member

Activity: 364

Merit: 100

If ICO are forbidden and as I know NEO is known as "Chinese Etherium", then I have a question:
For which reasons and target - NEO is needed for investors now?

SamboNZ

sr. member

Activity: 1064

Merit: 253

I hope their rebranding would prevent them from being investigated cos before rebrand they raised an ICO.

I hope the team can provide an update to this situation.

Rogerdale

sr. member

Activity: 700

Merit: 330

Quote from: Matic on September 04, 2017, 05:04:54 AM

Quote from: Rogerdale on September 04, 2017, 05:03:55 AM

Will today's decision cancel Red Pulse ICO? Does anybody know anything?

no it won't. Red Pulse isn't affected and will happen.

Red Pulse issued an official announcement: https://www.reddit.com/r/RedPulseToken/comments/6xzhuc/regarding_pboc_announcement/

Looks like they are not sure.

carlisle1

hero member

Activity: 2744

Merit: 541

Campaign Management?"Hhampuz" is the Man

Quote from: Matic on September 04, 2017, 04:52:17 AM

Quote from: rafzalan on September 04, 2017, 04:48:55 AM

Does Chinese central bank decision, influence Singaporean ICOs? I think Singapore is a part of china OK?

no it is not. hongkong is, but it does not influence their icos either.

its not part of china but news spread I guess but it will not affect Singapore if we talk about ico restrictions, china's moves really affect this project
but as we knew crypto cant be stop in this type of way a lots of influence will still proceed and neo is on its best time to buy then hold till its recover
nothing is impossible bounce back is just around.

Matic

full member

Activity: 310

Merit: 100

https://eloncity.io/

Quote from: Rogerdale on September 04, 2017, 05:03:55 AM

Will today's decision cancel Red Pulse ICO? Does anybody know anything?

no it won't. Red Pulse isn't affected and will happen.

Rogerdale

sr. member

Activity: 700

Merit: 330

Will today's decision cancel Red Pulse ICO? Does anybody know anything?

Matic

full member

Activity: 310

Merit: 100

https://eloncity.io/

Quote from: rafzalan on September 04, 2017, 04:48:55 AM

Does Chinese central bank decision, influence Singaporean ICOs? I think Singapore is a part of china OK?

no it is not. hongkong is, but it does not influence their icos either.

Matic

full member

Activity: 310

Merit: 100

https://eloncity.io/

am i the only one that read this news like "icos for chinese is closed FOR NOW until we can regulate it"? bought more at the bottom. hope america sells and pushes the price down to get even more. i can see posts like "damn i should bought at the dip" in 2 weeks

Topic: | NEO Smart Economy⚡Now a Top 10 Cryptocurrency⚡| Official Thread |Updated Aug10 - page 257. (Read 241286 times)