Rumours saying Neo is now legal in China - page 2.

FrankNoland

copper member

Activity: 560

Merit: 253

Quote from: Jvanmulders on October 01, 2017, 05:38:43 AM

Hello,

I was checking out #neo on Twitter and saw a lot of articles saying Neo is legal as from today in China.
So this would be the coin not banned from the exchanges.

Does anyone have more info?

NEO was never illegal in China and it was never banned on any exchanges as far as I have seen and read. However, ICOs were recently banned by the government of China, but didn't ban the usage of other cryptocurrencies.

By the way, NEO is already doing great on the market, surely investors who didn't panic and sell their investments when the ban issue derived are now making profit.

Ging

sr. member

Activity: 504

Merit: 251

couldn' agree more Since NEO initiated from China and already abides by the proposed rules, NEO would China’s leading numerical platform.

covfefe_

full member

Activity: 953

Merit: 105

Whether the rumor is true or not, neo is already rising in the exchanges, reached the $33 mark and rising. Good future ahead for the coin.

niknik1966

sr. member

Activity: 266

Merit: 251

DIW - Security Decentralized,Life Revolutionized

Honestly, having analyzed the behavior of this currency on the exchange, we can say that the coin behaves poorly. For portfolio investments, you can come up if you have time to wait.

deadsilent

hero member

Activity: 1148

Merit: 500

Cryptocurrencies in CHina are not really illegal, my friend. Its just ICO crowdfunding and operations of exchanges there are stopped by the government of China. Cryptocurrency ban on China is not really confirmed as other were saying. Of course Neo is one of them. Even cryptocurrency exchanges there are prohibited by government. Citizens there can still be able to trade their crypto by peer to peer trade. They can deal to any persons there who are willing to sell their crypto. Localbitcoin i think is available there. So im sure localbitcoin is a blockbuster there.

Anyway, just a breaking news. China just stated that virtual currencies there will be regulated. https://news.bitcoin.com/virtual-currencies-expected-to-regulated-in-china-on-october-1st/
That's a good sign that they are still interested on cryptocurrencies despite of crackdowns against cryptocurrencies there. Also it's a good thing they will regulate it. It's the best thing to do to make cryptocurrecies legal there. They must comply.

sensimilia

sr. member

Activity: 702

Merit: 251

I don't think it's true. Also the way you are saying this is implying other coins ARE actually illegal.
No coins are illegal in China as of now...

Yaunfitda

hero member

Activity: 2870

Merit: 594

Quote from: Jvanmulders on October 01, 2017, 05:38:43 AM

Hello,

I was checking out #neo on Twitter and saw a lot of articles saying Neo is legal as from today in China.
So this would be the coin not banned from the exchanges.

Does anyone have more info?

We have to wait and see as I don't see any news about it either. Maybe yes, maybe not. But my questions is there are so many altcoins out there, what makes NEO different that the Chinese government makes it legal? The only thing that connects NEO to China, is that NEO is considered to be the Chinese ETH. So its a Chinese company. Let not speculate and just wait how this evolved.

NorrisK

legendary

Activity: 1946

Merit: 1007

People want you to believe NEO is somehow special from the other currencies in China so it gets pumped.

If this really was the case, I would have expected to see a lot more action going on with a billion threads here.

hase0278

hero member

Activity: 882

Merit: 544

Quote from: Jvanmulders on October 01, 2017, 05:38:43 AM

Hello,

I was checking out #neo on Twitter and saw a lot of articles saying Neo is legal as from today in China.
So this would be the coin not banned from the exchanges.

Does anyone have more info?

As far as I know, NEO is not illegal but rather ICO's are what is illegal in China and legal ICO's would be regulated. China also didn't ban the complete usage of cryptocurrencies to their citizens but they have only banned local exchanges themselves maybe because of not complying to the rules and regulatons of China or them not having a permit of sorts to operate business so therefore they banned it.

Jvanmulders

jr. member

Activity: 46

Merit: 1

Sorry my English isn't super i mean that the regulations they are communicating are in favour of Neo.

staggerpines

newbie

Activity: 64

Merit: 0

I did not know that Neo was illegal in the first place.

Jvanmulders

jr. member

Activity: 46

Merit: 1

Hello,

I was checking out #neo on Twitter and saw a lot of articles saying Neo is legal as from today in China.
So this would be the coin not banned from the exchanges.

Does anyone have more info?

Topic: Rumours saying Neo is now legal in China - page 2. (Read 1079 times)