China's actions will definitely be seen as a watermark for more monetary policy conservative nation worried about capital controls and their foreign exchange reserves. However, China is also unique in that it in on the extreme end of policy conversativeness and will always err towards being heavy handed in their policy decisions. Even then, the current ban action is a temporary one while they analyse their next step towards regulating the ICO space. This makes for a very uncertain investment climate and no one, including the Chinese, will like that to continue for long.
Regarding the other more pro-investment and "westernised" nations, I do see a more calibrated approach to regulation. My take is that regulation will certainly occur, but to what extent and the severity of it will depend on individual countries. Bottomline is that all countries want investment dollar and in the end economics, including crytoeconomics, will still win in the long term.
Topic: Will China regulate ICO's and will Singapore and USA follow. (Read 442 times)
September 07, 2017, 04:55:32 PM
In my opinion some clever county will allow ICO and everybody could open ICO in this country.
And about possibility to participate at ICO from banned country... it not big problem I think.
And about possibility to participate at ICO from banned country... it not big problem I think.
It is quite a big problem. Sure you can base your project in some shithole country, but if you don't take all the reasonable steps to prevent participants from countries where ICOs are regulated, than you'd be a wanted criminal in those countries.
You could always do it anonymously (escrowed funds) but you would have a hard time to get people to trust anonymous devs.
Overall, I think regulating ICOs is inevitable in 'civilised' world and that's a good thing. Most of this shit is just a money grab schemes, and all the raised funds are being dumped for $$$, causing price decline.
With increased adoption happening in large scale, China has been talked as an center for all sorts of digital currency based growth as well advancement. Now when it comes to the regulated use of bitcoin, already China has generated a ban while few other countries are in growth with the specific plans.
Chief Executive of Brave New Coin, Fran Stajnar, said the issue of the ban ico by China to be a negative sentiment in the Bitcoin currency and currencies crypto currency globally. We are not surprised at the current decline in asset values, Strajnar.
The Chinese government was uneasy, because of fear of fund $383 million from 105 The investors are channeled into illegal activities such as narcotics and terrorism.I think most of Europe will not follow this rule.
The Chinese government was uneasy, because of fear of fund $383 million from 105 The investors are channeled into illegal activities such as narcotics and terrorism.I think most of Europe will not follow this rule.
Panic and recovery was way too fast to happen. If you go on holiday and come back two days later, you see that a crash happened and recovery was fast too. Welcome to wild world of cryptocurrencies.
I have been reading a lot about different countries are regulating, and China possibly regulating ICO's, with other countries following as well where will it end. Switzerland is already backlogged with applications from ICO's but there is a huge waiting list, will the rest of Europe follow this rule?
When China used to regulate the ICO's this week I think they are just protecting their citizens to the scam ICO's and take the fact that the large portion of Bitcoin miners are in China so many people there already knew what is cryptocurrencies all about.
Didn't the SEC already take precautions for US citizens?
In my opinion some clever county will allow ICO and everybody could open ICO in this country.
And about possibility to participate at ICO from banned country... it not big problem I think.
I also think so, maybe if ICO goes ahead and gets permission in that country and can be followed by other countries, it will have good effect for bitcoin development and even for the country itself And about possibility to participate at ICO from banned country... it not big problem I think.
As long as European countries do not prohibit ICON, it does not matter Asian countries, or america forbid it, no need to panic with news like this, relax and wait for you to benefit
In my opinion some clever county will allow ICO and everybody could open ICO in this country.
And about possibility to participate at ICO from banned country... it not big problem I think.
And about possibility to participate at ICO from banned country... it not big problem I think.
I have been reading a lot about different countries are regulating, and China possibly regulating ICO's, with other countries following as well where will it end. Switzerland is already backlogged with applications from ICO's but there is a huge waiting list, will the rest of Europe follow this rule?
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