Bitcoin Forum

https://news.bitcoin.com/virtual-currencies-expected-to-regulated-in-china-on-october-1st/

If this is true (laught at Sep 31), might boost bitcoin, thus all the crypto, mainly NEO/GAS, which is about to get eth-like rise soon with the first ICO on NEO platform on Oct 8 and possibly becoming the only platform for ICOs in China with the support of China. NEO is currently a technically better platform than Ethereum and with a great community and developers.

This is just "Expected" so it can be just gossips.
But!!! I always say that China will regulate soon all ICO because they will receive so much taxes from it!

Well there hasn't been any statements in regards to ICOs, just regular cryptocurrencies so I don't know where are you basing your thoughts about ICOs. Also, that's just two days a day from now so we're still not sure whether China will reconsider their decisions that fast, though they're notoriously known to change their rulings in an instant.

If this is true though then what happened in China rumors and bans were just an orchestrated FUD by the Chinese officials and investors.

EDIT: wording.

And there yo have it. Just like how everyone that was smart expected, China would come back with an unban on crypto which would be coupled with some sort of regulative aspect to it.

I can predict, easily, that we are going to be on the $5000 range pretty soon, probably as soon as next week, due the very bullish news of the comeback of China.

Now if we could only stop segwit2x from crashing the price in November, we could be aiming at $10000 per coin pretty comfortably. Let's hope for the best.

This caused the price of bitcoin goes up again, But that will be a good thing if that will be applicable to all of the crypto currencies, But as far as i know that will be related to the all of the cryptos, Even i heard there are some stock market are considering about to build the exchange site for the operational of the token as security.

Sounds like FUD to me, doubt anybody is working there on a Sunday

If china regulating cryptocurrencies, it means that they're officially recognising the cryptocurrencies right? atleast our cryptocurrency world go one step further.
Pretty curious with what will happen on october 1.

i doubt about that lol.

Wow, are you a real pajeet? Pajeets are stupid like you, I dont know anyone that stupid to think there is September 31 like the article says.

October 1 in China is in 40 minutes, not 2 days, pajeet.

A typo error, but my argument still stands: their stance against ICOs wouldn't change, but trading cryptocurrencies would be regulated and not be banned as opposed to their initial statements. And I'm not a pajeet, not even an Indian so I don't know why you're too butthurt when someone pointed out something that doesn't exist. Next time, try to read everything carefully before trying to shill out the coins that you support. ;)

NEO isn't a coin, it's a share. GAS is.

You know what ICO stands for, right? It's not a word, but an abbreviation of "Initial Coin Offering". Every ICO is a cryptocurrency and no amount of dancing around that fact will protect you. The Chinese authorities are not going to get bogged down in petty semantics like that, if it is banned, it'll all be banned.

You cant say ico tokens are cryptocurrencys.Thay might be currency if tokens will be in real use
Now show me a tokens what are in real use
Now all Asia countrys will work to regulate ico's
But for me it is funny whan chinise exchange Binance is listening ico's
Thay are not chinise and Binance is blocking chinise ip,but so what
I ve been reading somewhere that chinise fintech is like in middleages and now chinise regulators lost his head
Hard to expect anything logic from somebody who lost his head

You are confusing what the authorities are trying to do, they are not cracking down on cryptocurrency as opposed to ICOs. They are cracking down on anything that could disrupt the Chinese currency, which happens to include ICOs. The reason they have probably ignored referencing ICOs so far, is because they are so insignificant compared to things like bitcoin.

Chinese exchanges were forced to hand over KYC data to regulators.

I would not be surprised if Chinese Govt now tries to rob BTC from people, this is 1934 gold ban reloaded, PBOC trying to get their hands on cheap coinz. BTC = Gold 2.0

Check out my other post about the similarities.  :o

I am not surprised at all, something like that has been expected since the dawn of time and introduction of p2p decentralized digital currency.
The only way BTC can be accepted as a mainstream payment method is when it will be castrated to bring it in line with other payment methods.
I would rather see bitcoin thriving and blooming and not anonymous than destroyed and used only as underground payment option.

Governments will always try to maximise on tax and other ways in which they can increase their revenues. The more they have to spend the better it is for them. That's just the way it works. I don't know the full extent of the Chinese regulation but as BTC has become significant in the last few years, it's quite understandable for governments to start regulating it and trying to tax profits and limit 'illegal' trade.
 

This is the actually their plan in the first time they wanted to control one of the ICO and release supported but china.
As we can seen now we are seeing price increase of the value of bitcoin this is because of this news..
Hoping that we will see more movement of the price of bitcoin and also for NEO because i saw the movement of the price for NEO and its continues increase..

Indeed, after exchanges shut down, they will regulate cryptocurrency soon or later, but it's faster than before which takes 4 months.
At least, Chinese peple could trade bitcoin again, back into the business and miners could continue their mining activities as long as they pay taxes for every virtual property that they have. If somehow, cryptocurrency regulations will enable people to use it as medium of exchange or legal payment method, bitcoin price may rise again.

Yeah in the end everyone will use it differently. Some will use it to avoid taxes and others will use it and pay taxes legitimately. It's all dependant on your morals and ethics (also the country you live in of course).

Please Don't be a fake news, but regarding if this is not real it is really OK for me even in the impending Hard Fork November there is a way in getting free coins for us again and the price would still rise impending the reason why it drops in the first place, but if this is for real then we are seeing the surge of price up to the $5000 mark value we are now proceeding to the $4400 dollar right now so expect the price to surely rise up.

in bitcoin world all the news could happen. that's why so called bitcoins have very high price fluctuations. so many things are very influential and can quickly change the price of bitcoin. I do not feel strange when I see this kind of news, but when viewed by reading the graph I am very sure there will be bitcoin price increases some time ahead. bitcoin prices are rising today due to the increasing demand for bitcoin in the world market. china's current decision has not affected bitcoin yet, prices continue to rise without any significant correction.

Whether fake or not, the news is in media, and the coin will rise, sooner or later China would start a regulation which infact can be good for cryptocurrencies trade.

Yeah definitely. And i assume that bitcoin will be positively affected as well.

However, China has essentially wiped out all ICOs as well as putting pressure on bitcoin exchanges to shut down. This means that even if bitcoin is treated as "virtual property" or whatnot it can only be traded p2p, which is perfectly okay but probably not as convenient and cheap as trading on exchanges for whales. This could potentially slow down the pump somewhat.

It's good to hear that someone is saying that the Chinese government isn't actually anti-bitcoin but rather just the surge of small exchanges prompting them to shut down exchanges. However, it does seem a bit like a cover up story.

I don't think that this new "regulation" news is going to affect bitcoin prices much.

For me, price is going to go up to at least $4500 and establish a floor there by the end of the month. this trend shouldn't be interrupted regardless of new regulations imo.

Well according to the interviewed guy in the article, he says that China isn't hostile to bitcoin. This in my opinion is completely false since they could have easily only targeted the exchanges that have actually not been following KYC procedure instead of shutting down BTCChina which is very strict on its KYC.

But anyways, treating bitcoin as virtual property is good news. But this again should have happened ages ago and bitcoin IS virtual property. I don't regard this news as important, but nonetheless price should be going steadily up to at least $5000 by the end of the month.

Aren't all the exchanges operating in China supposed to be closed by now?

I see OKcoin still with trade volume, and others too.

I think they are still up to Oct 30 including Huobi to operate if I'm not mistaken. the justification is that those 2 exchanges are too big and needed more time. But there are some who have closed already. Including btcc and viabtc. https://bitcointalk.org/index.php?topic=2218358.0

BTCC is still operating in the BTC/USD pair, from what we can see. But the BTC/CNY pair has ceased operating. But for localbitcoin will take over and it looks like they are increasing everyday. So bitcoin trading still continue to flourish in China.

Well, suppose the news is true. We somehow believe it's good news as well but I wouldn't say that. In the article it is written that coins will be regulated and will e considered as virtual property. This is certainly great. Nevertheless, it is also  stated that only Okcoin and Huobi will be legal exchange websites and others must shut down. If we look here https://www.buybitcoinworldwide.com/china/ we can see that there are other famous websites as well. Thus, I believe news may result in price drops again.

I still believe their stances on ICOs will change, mostly because other countries will allow for ICOs, even if properly regulated, and maybe one of these ICO's turns out to be a billion dollar success and the country that didn't allow it will look like a good damn idiot for life.

Not all ICOs have to be scams, even if I dont like the way coins are issued this way, and if most are indeed scams.

since the price of bitcoin is recover now ,i don't think chinese regulation will affect the bitcoin ,it is done now ,no more news from china,bitcoin can continute it's up way.

yes of course though without china but the fact that bitcoin prices could increase for the better, and if china will trade with bitcoin of course this will again affect the current bitcoin price increase, and maybe before this november the price will reach $ 5000 if they reopen trade bitcoin.

In the fact, there are have too many cryptocurrency created by the ICO market, what do you think from limit 800 crypto increase to more than 1100 crypto as now? Almost new crypto are from ICO project, there is have not new crypto own a platform like Nebilo recently.

Do you think that so many current ICO will be able to be released in China?
These regulations might be quite severe and the is a high chance that 1/100 of current ICO would manage to be accepted.
I would rather see only the best and most interesting ICOs than mass flow of useless projects created only as fast money maker for their creators.

I think we should verify this news first, since we are speaking of china here, it seems that this news is all of a sudden, after they had banned bitcoin. We should first do our own investigation, before we come up with our conclusions, if this news id fake, still it is ok for the rest of us, since we already learned to live without china suppotting bitcoin,but if it is true, then the chinese might just be playing tricks with us, and its people, since.it is because.of them that bitcoin took a dip, if they finally found some ways on how they can regulate cryptocurrencies, i think bitcoin will be back in china, and they should introduce it to other countries as well, so that they will not have the same problem china had encountered. Still we mist.clarify if this.is fake news or not, since a lot of fake news is still coming out of china.