Topic: What will happen to the china based cryptos ? - page 3. (Read 1374 times)
In worst scenario they will move to other country but based on my understanding it's not completely banned they are restricting ico with proper proof and license if any coin having real working business model then there should not be any problem only pump and dump coin has to fear.
China based cryptos will no longer exist, there are ICOs being shutdown (as well as exchanger). The law was imposed and it is strictly imposed in the country, thus to continue their operation they may probably move to another country which cryptos are not prohibited.
cryptocurrency is borderless, the only one affected is exchange platform that could be used for money laundering. ICO was stopped due to people are using it as vehicle to collect money and use exchange to turn those token back to CNY.
The whole thing is trying to stop evil minded peoples to collect money from uninformed investors, and run away easily.
The whole thing is trying to stop evil minded peoples to collect money from uninformed investors, and run away easily.
Worst case scenario, the company will be "sold" off-shore (outside China). 
They could easily reopen in Hong Kong.
I think it will be gone, the new ICO has been shutdown and the exchanger will be shutdown, so there are no place for them to do the operational things, and the government really strict about the law, so I guess they will just closed down
Worst case scenario, the company will be "sold" off-shore (outside China).
Yes, I think this is the best way to market closed in their country. By selling the company and reinvigorating the company, over time BTC and Altcoin market conditions will return to normal. All are dead and no more new coins and which ever have started now they have to dilute their funds or else they are going to face a law problems.
Stop with the FUD man! There are no apparent conclusions that the coins will be dead or the ban is going to wipe out the entire crypto-scene.Chinese government is just paranoid with the missiles flying from the North Koera and hence panic banning their un-taxed businesses.Jokes only!Worst case scenario, the company will be "sold" off-shore (outside China).
Yes and the team will move to another country to operate the project from off-shores,well only on the papers.They all know how to do cloud computing.
Worst case scenario, the company will be "sold" off-shore (outside China).
All are dead and no more new coins and which ever have started now they have to dilute their funds or else they are going to face a law problems.
What will happen to the china based cryptos ?
Jump to: