Bitcoin Forum

What do you think about news that China may allow ICOs in May 2018?
If this is the case - neo may have a huge bull run.
Neo devcon is coming at the end of Jan and I already expect so many big news (if there is collaboration with Trinity)...
If we add allowing icos in China to scalabilty - I expect possible neo double in price till may.

Edited 27.01.2018:
Just saw a lot of people asking to provide a link to the news. Below there is a link. Still it's not confirmed. Only rumors. Maybe fake.
http://bitcoinist.com/chinese-official-new-regulations-2018-may-end-ico-ban/

I don't want this post creating false hopes or negative replies. It's discussion. Would like to see different opinions.

hmm could you please let us know where did you get information that could happen in May? I saw a news about it, but didn't see anywhere 'May', maybe I missed something?

Anyway, I think NEO will be the bigger winner when that happens. I started to accumulate NEOs a few days after China ban ICO-s just to hold them till china remove it.

There's some news about it here
https://usethebitcoin.com/chinese-initial-coin-offering-ban-may-end-2018/

Given the current political climate there, it's unlikely that they will stop cracking down on the crypto currency trading, mining and funding. So putting ICO back is unlikely.  There are talks about a blockchain based digital CNY, but there is no timeline as to when that will be available.

"May" meaning there is a possibility but not final yet. It depends on thier government if it will be beneficial or more harm to their citizen and government. But, in my opinion its better to regulate it and only those legit company can offer ICO upon fully prepared and submit all requirements to government.

Well, in this news there is a lot of water and no specific deadlines or plans. Everything is very vague. If this happens in reality, then NEO, and many projects based on this platform will greatly increase in price. But with China something to plan - it's not possible. From this country you can expect anything.

Yes, I saw the news about it!

Wow that will be so huuuge, where I can find news about neo? But in my opinion this will not happen, the goverment is very strict. They would bend all their rules...

I think the real question here is will NEO let the government have some influence over them? Anything in competition to the countries vision can be taken down easily however it also means that if accepted will only ever succeed.

Other countries are profiting right now from the China bad decision to ban the ICOs. I don't know at which point exactly was that decision made but I know for sure that they are already watching the consequences of their actions. They are losing major deals with the developers and every major company that is involved in the crypto business. With that said I truly believe that China will allow the ICO flow again!( maybe even sooner than stated in the thread)

I saw and interview of Da Hong Fei. I understood that they have very good relations with government (of course it's not officially disclosed, but could be logically understood) as they actually created blockchain for governemnt (onchain). They started creating very good ecosysytem around neo and promoting NEO projects and they invest in those projects. It looks like they are trying to build whole blockchain ecosystem on Neo. And my intuition is that this will be created for China.
By the way legally ICOs are not banned in China, they are allowed but for certain investors.
Devcon is coming and Da Hong Fei and Ceo of Trinity both say there will be something special on Devcon in January.
Let's see what they prepared...

Why would they ban bitcoin and other fairly distributed non scams and then allow ico's to return.

Does not add up does it?

if China allows ICO in May then I'm sure the altcoin price will increase again in May, because the volume of purchases will increase in May as Chinese people start investing in ICO and altcoin again, my expectation is that my prediction is correct that in May later the price of altcoin will increase again because China allows ICO in May later.

Why do they have to restart ICO?
There is a serious corruption problem in their country. If you can participate in ICO, there may be a lot of corrupt officials transferring assets through ICO, which is a problem that the regime in this country is unwilling to face.

May or may not, but the higher probability is that may not because if they allow this many of the business establishment and trading firms in their country will be greatly affected because another competition will be added and there is also the scamming issue which they are very strict on it.

they may allow, but they gonna be regulated as well

I think its very unlikely that china will allow the ICO'S if it dose it think the eth price will go up more than any other coin.

I am sure that nothing grand will be done after the lifting of the ban, all projects of the Chinese can be implemented in the nearest countries, Russia, Singapore, Japan

Can you please share some proof of this rumors? I need to see some evidences to believe.
For me there is no chance for allowing ICO in China. But this will make a nuke effect on ethereum.

Hope so!

Why do you think there is no chance?

Potentially, but the ICOs will be heavily scrutinized.

There will be a huge increase in capitalization if this news turns out to be true, everything will grow like at the beginning of January this year.

it is Chinese we are talking about here, nobody knows what they will do! one day it is good and happy with 2-3 million dollar volume daily and the next they close the exchange just to open it in a month or two and just to close it in 6 months afterwards!

and that is just exchanges and bitcoin and altcoins which have nothing wrong with them. ICOs on the other hand are in a pretty messed up situation. and it is not just Chinese that banned ICOs....

Because the Chinese government has been think this is a kind of pyramid selling, and it may cause some of their current financial system, so I don't believe in the Chinese government will reopen encryption monetary market and the ICO market.

Sir, the opinion and information you provided about China and ICO might be very correct, however you have not taken time to give us the source of this amazing information. You may do well to provide us where the information is coming from and we would gladly appreciate and make our comments. Thanks.

I agree about NEO. And besides this there will be a good positive background for the growth of the crypto currency May-June rally.

Oh, I knew that… I knew that Chine  would come back in ICO-s. Stop, how reliable the information is?

Well, of course NEO will reach a new ATH. Not investing in it though. Look at ICX and the "big" news about main net all over reddit, and the dumping begin instead of the price going up. Who knows?

PBOC will always try to prevent it. PBOC is similar with SEC; They are trying to save their investors from scam ico. And remember if they are having the same opinion regarding ico. They think icos is familiar with the security token and there is no utility usage on it.

That means if the chance of icos to be accepted in the china is really small.

For the time being these are only rumors. I saw these news at one of youtubers. ANyway somebody already shared this link.

Found interesting recent video of Da Hong Fei. It's really great and worth to look at in full. He also shares some thoughts about regulations (nothing special, but still to undetstand the reason behind bans in China) starting around minute 29 of the video.
https://www.youtube.com/watch?v=tO2zu_SMjt4

Don't think anything. Things can change many times. I know one thing that the Chinese are very smart and they are not going to ban the cryptocurrency.

Do you have a link to the article or the news, or you just want to hype bitcoin or other cryptocurrency, this kind of news is big news but we want to know the veracity of that news, could be a fake news so please post the link for us to check.

ICOs are allowed only for private accredited investors in China. Public ICOs are banned. I think there is still possibility with opening ICOs in China, but after creating regulations (for example high barriers for entering ICOs in order to save their entire public)
Minute 29 of the video below.
https://www.youtube.com/watch?v=tO2zu_SMjt4

All other countries adopt the laws about ICO in same keys. Russia, Korea, China, who next? All governments want to regulate cash flow. And nothing wrong - cash is blood of system.
But I'd like some laws for ICO. May scammers will be a bit more difficult to fund raise?

Scamers are copying web-sites, send fake e-mails. They become more and more smarter. They don't try to raise money anymore for fake ICOs, cause it's easier to scam new people that entering the market. They started to send fishing web-sites. I think any regulations will prevent from scamers, cause there are always other ways to scam people.

if true this is a very good change, as the value of some coins will go up and the investors will get a profit that doubled from the estimated price. but I am also confused what is the true news that China allows ICO in May ..?