Bitcoin Forum

Here is some good news from China!

Speaking at the Southeast Asia Blockchain Summit, Yang, who is also director of the Center for Financial Technology, further “denied” a blanket ban on cryptocurrency trading and ICOs would continue indefinitely.

China has enacted a major clampdown on how citizens can legally access and trade cryptocurrency in the past six months.

September saw the second exchange shutdown of 2017 become a permanent moratorium on crypto-to-fiat platforms, with lawmakers signaling earlier this month they would seek to end “centralized” exchange activities altogether.

September also saw a sudden halt on ICOs, with projects which had already accrued funds but not launched tokens being obliged to return investments.

Against the current backdrop of additional clampdowns on mining activity in China, Yang’s words thus appear surprising.

While confirming over-the-counter and overseas exchanges “would be strictly regulated,” local news outlet 8btc reports that Yang added that the remedial regulatory climate in China was ostensibly meant to weed out “bad” ICO projects to allow bonafide offerings to flourish.

During the interview with 8btc, Yang states:

Good ICO projects are allowed to develop in a legal and risk-controlled environment rather than simply adopting a one-size-fits-all approach.

He goes on to add:

[The China Securities Regulatory Commission] may launch equity crowdfunding pilot program in the near future, which will be an opportunity for ICO to get in compliance.

While Chinese investors have made headlines in their attempts to circumvent restrictions, nearby major market South Korea is also softening its previous statements on cryptocurrency-related bans.

Strict regulation of exchanges now appears to be the order of the day, while ICOs remain similarly outlawed under Seoul’s jurisdiction.

New guidelines outlawing anonymous trading are due to come into force January 30, which will also see foreign citizens barred from using Korean exchanges.

In these matter the door for crypto currency is not totaly closed.but they trying to find any possibilities to control it .specially in the anonimity of crypto currency. but because it is design program of blockchain technology, all they can do is to control operator that will change crypto currency into Fiat money.once you will avail services changing crypto to fiat you will be scrutinized.

(CSRC) may launch equity crowdfunding pilot program in the near future, which will be an opportunity for ICO to get in compliance.

If the Securities Regulatory Commission of China will launch this program, then it will be a big chance that ICO will be implemented and that is the chance that they will have to allow ICO and the cypro currencies will be realize.

At first China banned ICO. Now they say that it is possible to allow ICO.
It seems to me that China creates conditions for its projects, for example, such as NEO.

All of this are mere speculation which chances of happening is slim as we are already in 2018 and there is no chance that they will even implement it. Eventually if they allow ICOs, I don't see it as being popular as it was in the past because this new era will come with lots regulations, licenses, verifications, filling of application of funds with supporting documents, I doubt if lots of developers will want to go through that stress to raise funds.

You should put on where you got this news, a simple source for the link will help.

Meanwhile in some other countries, https://www.coindesk.com/philippines-sec-plans-to-regulate-cryptocurrency-trading-icos/

This news we hope is true, but in my opinion maybe china will create their coins, and will use in their country.
We hope China will allow ICO in this year and be control by themselves. But let's see what will happen in the next.

It is undeniable that there are ICOs that has a purpose of just scamming its investors because even though it reach its hardcap, they would be gone thereafter. It is just unfortunate for those who invested on it because they cannot just go after the one responsible for it because there are no proper regulations to it. China just did the right thing to protect its people in investing into something that has a possibility of being scammed. This time around if ever they decide to allow ICO again then regulations are needed to prevent those things from happening. This is a good news for crypto world because crypto would have more volume again.

Indeed, we truly need this kind of development and hope that this is true because Bitcoin now did not really rise up steadily after the South Korean ban issue that even they take back their words of not banning the crypto currencies still we are at $11,000 which is very far from previous speculation of $20,000 mark for last year alone.

    It is a long way to go. ICO itself is not the problem, the problem is it had been utilized for fraud and money encirclement. The idea of decentralization is contrary to governmental power. But Blockchain is an irresistible trend, the Chinese government has to embrace it as long as its power won't be jeopardized.

it is a good news for every dev in China that wants to start their project but there are any requirements that the dev and the team should obey so they don't get any trouble in the future. I think if everything can obey the law then we can reduce to getting scam from the project and only the best project that will allow continuing their work and they can make their investors feel safe while they invest their money to that project. finally, China wants to join in the cryptocurrency again and will allow their people to contribute to the ico and the cryptocurrency.

Я нe дyмaю, чтo oни пoлнocтью cмoгyт зaкpыть вce пpoeкты и кaк-тo плoтнo peгyлиpoвaть этoт pынoк. Кoмпaнии выпycкaют aкции, кoтopыe являютcя дeньгaми и тaк жe иx пpoдaют, чтo пo cyти являeтcя тaким жe плaтeжным cpeдcтвoм кaк и биткoин. Пpocтo вoздyx coтpяcaют

тaк этo yжe дaвнo былo пoнятнo! Лaзeйки бyдyт нaxoдить вceгдa, a зaкoнчитcя вce тeм чтo пpocтo нaйдyт cпocoб peгyлиpoвaния вoт и вce!

so it has long been clear! Loopholes will always find, and all will end with the fact that they will simply find a way to regulate that's all!

Then that’s a good news but hoping it won’t take a super strict regulation that will affect any ICO to limit any participant in that country. And also at this point ICO scammed should be and might be filtered to lessen this kind of, to rebuild the reputation of other ICO who is legally and sincerely doing something that is promising and profitable in the future.

Something is going on in China, but what is it exactly no one knows.
Now its chinese new year looming over ( Feb 16th) and life will stop before a week and for about another two weeks after. So if there will be any news it will either come these days, or you can only expect it in the beginning of March. But if the new rules will be even more strict and negative or will establish the framework for legal crypto life is still a big question.

With China you never know :)

That's really good news, will it be Ethereum compatible or NEO only, we will see...

but in the end, we're still dependent to these big countries (China, South Korea, Japan, US)...


bad news with unknown sources can make disaster to crypto world  :o

I am with the idea of organizing the market  :)
And exhibitions completely closed for him >:( >:(

BTC
Will always stay
Unstoppable

We do not them to accept ICOs, but to allow free crypto trading!

We talk about China here. I think that you ask too much if you want 100% free trading.
They will manipulate the markets as much as possible. The ICO compliance is only one "public" reason shown to the western customers. They'll follow their internal agenda and when the things add up nicely, they'll allow the trade in the terms they want it.

why china allow ico when they banned bitcoin? is not that the same?
it might be a signal if china will again allow bitcoin as well.

this is very good news. China just took a break to sort out the legal aspects of bitcoin regulation, and they like no country is close to creating its own crypto currency.

Oh That's goodnews china is big rules in come i  crypto it has a big country support crypto.

Did you read the previous article, as far as i remember they did not banned Bitcoin but instead they banned the ICOs because of a lot of complaints about of being scammed. So i guess they have had found a way to trace those who manage to make an ICO and i guess they implement such laws for someone who will be making an ICO and it is a good news for the investors.

I think they will. For a good lawyer it will take 3 days max to get all the paperwork done, and if you are planning to raise millions of USD you can afford hiring a good lawyer. This will make life much harder for the scam projects who are trying to invest as little as possible knowing well that their coin will have no future.

Also I wouldn't be so skeptical about the ICOs fate in China. Some experts say that the ban might end by May 2018. IMO this is what will happen most likely.

Well, this news can be regarded as positive news. Because at the time in preached China impose a ban on trading activities platform of crypto exchange. The negative news eventually led to a significant reduction in almost all cryptocurrency and tokens.

Crypto need great support for CHINA,SOUTH Korea,Japan,USA,Russia,India and Europe for its future trending so hope China will think again as Bitcoin sis now one truth and world economist is wanting to legalize it for better future.

Well this is a great news for each and all of us users in bitcoin , and I'm hoping this would support other country like russia , india , and france , and looking forward though , this would be great to be honest.

Yesterday we had a news about they are blocking the foreign exchange. How can they accept the ICO in their countries maybe it is a false news, till now we didn't get any official news or sources from their countries.

I was pretty sure before its only a temporary suspension whilst they work out specific regulation to best control ICO's so to avoid scams.From what i have gathered is that they are working things out in the Chinese Government and they want to get it right.I think not only china banning ICO also some countries banning ICO in regulation.At present some shit ICO coming their dev is not expert that's why incapable to reached minimum hardcap.

Of course they have re-consider about their regulation against bitcoin so Chinese can use bitcoin without breaking any government's policy.
Anyway it's great news and I can't wait to see another bitcoin record that can be make in this dog year 2018

If they should reconsider which I doubt its going to happen based on something I read about two days ago about China setting up a firewall that blocks every sites that have something to do with bitcoin or crypto, I can say this is merely a form of speculation because its just didn't add up. A lot of comments can be made, opinions expressed and all of those but because news sites wants traffic on their sites they make it seems that something that would happen tomorrow whereas its mere speculation and the possibility of it happening is far from reality. Until it happens and everyone can see, its mere a rumour which should not be relied upon by any serious minded investor.

Right now every thing is confusing until we get official information from them. But blocking the exchange does not they are banning, may be they are coming up with a solution that most of the countries will follow.

I think this is the strategy that chinese government will do with the ico and I think they want to take control of the ico because they know that the ico is a new legit business that will make them become rich. but actually, I am confused about what exactly chinese government wants because in the other side they want to ban bitcoin but now they release a news that they allow the ico and I think they only want to make people which using bitcoin to become panic and they will take the benefits of this.

A long way is ahead, still, it's really good news for China.

it is great news,one biggest market

greats,it is goods news for everyone

recently china imposed a ban on ICO and crypto currency trading because they are merely concern about fraud. the sudden change of china's regulatio about cryptocurrency is very confusing but will if it is true that china allow ico's this year then thats a good news because another volume of crypto's rise up.

China has always been known to be a manipulative government, even their internet has so much regulation and a lot of sites are banned. This doesn't only go with crypto-related stuff but with matters that are not within their control. Perhaps they have declared this to ease some of the cryptousers in their country because there is a huge volume of such. But if things were to go their way, they would ban at utmost anything that is not within their control of unfamiliar to them. I have nothing against China, but that's how their government works.

The first step have been done like the recent crackdowns of cryptocurrency exchanges, restricting their people from investing in any foreign exchanges and the banning of ICOs. These moves by China are part of their plans to eliminate any crypto ventures that are not under their total control. The next step is to allow ICOs that are tailor-fit to their manipulative process of regulating any kind of business.

So if they start regulating the Crypto then we can start investing into their ICO because they are looking for outside investments into their country for further development in order to more advantageous about the become No 1 in the world.

I think that the number one priority Of China is to sustain economic growth and full-fill their economic goals every year.
Foreign ICOs and capital going in crypto currencies where part of it is going away from China is bad for their economy,thus the ban.

Regulated local ICOs could be complete opposite - foreign money poring in.