Bitcoin Forum

ICO wasn't banned by the Chinese government due to Regulation.  Chinese government are simply afraid of Cryptocurrency. NEO Altcoin was what triggered the ban by Chinese government..

I don't think NEO can be labeled a scam as it has a pretty solid team with good projects.
A Cryptocurrency conference was organized by NEO people in China, the next thing was a ban by the Govt. From my knowledge of the typical Chinese politician,  I bet they thought the developers were coming to prove a point,  encourage more developers & gradually take over their country. Chinese politician are mostly driven by competition with the developed countries. They probably felt that  USA and other big countries are anti ICO and got too relaxed in that area.
My theory is if the big countries begin to encourage ICOs alot more , Chinese politicians will panic and lift the ban on ICO.

The politicians will most likely fail because ICO cannot be regulated by government. Any ICO that is "regulated" by government cannot be considered as Cryptocurrency.
They will lift the ban when ICO becomes more successful and established.

Yes I agree with you, politicians and the government of china probably not yet know much what is meant cryptocurrency. Just as my countrymen only know that ico is just a matter of raising money and to enrich the team and founder of the project.
I think it's just a matter of some people who just pick ico and get a scam project and the government does not want its citizens to lose much money due to a scam project.

We can't please everyone , that is they're thought to NEO maybe they have some experience of the so called scam, but hope that it will not affect the crypto world.

i think the gov in china is actually interested in the block chain technology, but i don't really know what is they real end game by playing this move

If the government of china bans ICO they will lose many opportunities against other countries while china is the leading country in this industry. Besides that I don't think regulations are needed.

CEO of eToro Trading Platform in China, described PboC's decision as "huge" and stated "it's bigger than anyone thinks." According to Efrima, the Chinese government does not want to ban blockchain development but only wants to reduce fraud. "
Dial-related trading and sales are officially banned. If you interpret the law literally, you are not allowed to participate in any pre-coded exchange activities, whether exchanging money or exchanging money into cash
I do not think NEO is a scam.

That is very little. Now NEO is rising again. I find many users still need NEO

Well said, if chinese would ban ICO, it would just literally mean that cryptocurrency will be illegal in their country. But, it's quite impossible for government to regulate cryptocurrency since it's decentralized. Maybe what they did will just be temporary. It would be such a waste because a big number of big investors are from China.

Just sit back and chill this will all blow over in the couple of weeks.

seems like a knee jerk reaction from someone that wants to be a part of this pie

Just speculation. China is well placed to bannish something for fun, to crash the price, and to wait for buyback.

When you look on Waves on China, really not sure than ICO will stop.

Regulation ok, but it will be so fast. But regulation = insider trading for me. So...

Great thoughts here and I agree that China is trying to control crypto because they fear losing control of the people. But it's too late! Crypto is freeing the world from government regulation of money. I'm glad there is government backed fiat, but I'm also glad that now there is a choice.

I agree with you. Do not forget that China is still set to the totalitarian political regime and the cryptocurrency they are scared. They are afraid of losing control of the capital.

ICO is banned but crowd-sale not:)

They are just testing the waters to check what would happen to cryptocurrencies in their country when they implemented the ICO ban. I'm positive that they will lift the ban and will place a set of guidelines and rules to regulate any ICO within their land. Maybe (just maybe), they also want to just get cheaper coins because of the panic that they just created. End goal is just obvious: the government just want more money from cryptocurrency. ;D

Yes but that is so obviously, you dont even need to explain it.
Every governemnt is afraid of bitcoin, and i would be too if i was a president/organization/bank.
This is the same that happened with books a few years ago, they were one of the best sources of selling, right now, everybody buys e-books. So the physical books were replaced by electronic books.
And now that is happening with money, but the fact is that the world power owns it, so it would be difficult to be replaced, that is why everybody is making fud about bitcoin-icos-whatever it is.

The government of china is afraid and wants extra money. China will eventually unban ICO with pressure from outside, and ICO can continue.

Pressure from outside? Who can force China to do something?

Guys, you are talking about a giant country that has biggest hash power in mining, big exchanges, and many other things. You know Jihan? He's kind of a government representative. If you think Chinese government does not understand crypto world, then afraid of it, you couldn't be more wrong.

You seem to have an inside news about Chinese government ban of icos, hopefully you are right that big companies in the chinese region will compel the government to lift the ban which I'm sure they will because they have a say now in their economy and they also invest in crypto currency

China has banned lots of crypto activity in the past and yet the Chinese people continue to be major consumers of the blockchain. Can't stop progress!

Anyone remember in 2013 when they banned banks from dealing in crypto?

http://money.cnn.com/2013/12/05/investing/china-bitcoin/index.html

That is why this reaction that can be felt and seen with all the red paint all over the trading exchanges is very temporary. This will all be a thing of the past in the next couple of days perhaps. The government cannot monitor every movement of its every citizen especially that the world is fast becoming a single community with the internet. ICOs are still available to the chinese from outside china.

yes hopefully a lot of ico is getting better again from time to time so the government in China revoke the restrictions of the establishment of ico in his country. And we will always be able to feel the pleasure of the results of the project that is made and we get the results later.with the effort and hard work that I have sure that the smooth will happen in order to realize a hope will be realized with reality

NEO didn't trigger the ICO ban... the MANY MANY scams that happened over the last years did (and we probably havent even heard of most of them if they were locally funded in China and scammed people). Neo was only a platform, and it hasnt even received any icos yet.

From my understanding, new ICOs will be banned while existing ICOs will be regulated.

This is good news for me as a NEO investor because I know that if NEO survives and is still standing despite government regulation, it just goes to show how LEGIT they are. Im hodling for now but will definitely buy more once more news comes in.

I agree. From the beginning, NEO (previously ANTshares) has shown professionalism and carefulness (eg. providing refund opportunities). Whether one thinks it is a good or bad idea, the NEO team has emphasised that it has approached things from a aim of being fully compliant with PBOC regulations.
As a holder of NEO myself, I decided to not sell any of NEO these past few days because I would think that the fud will pass soon (unless there are even more stricter regulations announced).

The Chinese government fears its power fades, and he can not control the crypto in his country.
This policy is at odds with the freedom gained in the Forward Countries like America. China has burned its own country by making rules that limit progress.

china implements its own policy about it to ban cryptocurrency. however, all these policies have been done alone by china all the risks have also been borne.

The point is that China wants to control the economy and with banning the ICO maybe it made them feel they can control the policies. They are afraid and that is one of the reasons why they had to ban the ICO. But let's just wait and well see what the outcome would be in the next coming days.

ICOs are mostly crap and it is perfectly normal to ban and regulate. These are simply cheaters in most cases.