Bitcoin Forum

Hello everybody!

Even though China has banned ICO’s, Chinese residents continue to participate and register money where it is actually legal. So do you think the “ban” is forever or are they going to drop the bans initially?

I think, that as soon as they develop legal policies to work with ICO's and crypto they will drop the ban. Despite the way they treat it, China continues to be one of the biggest players on the ICO market.

There was a lot of possibility and it can be changed anytime. I don't wanna say a lot about that but the only important thing for you and you must see what has already happened with korea. Whether hos they will be trying to ban ico but korea has been thiking to legalized the ico on its country.

i don't think they have actually banned ICOs. i have heard a lot of weird news about China which always makes me skeptical about any news that comes from this country. 99% of it is fake or at least half truths. and if i am correct then that is the reason why Chinese are still investing in ICOs.

i do believe that eventually if the ICO situation continues like this majority of countries including China will ban them for good and put an end to their scam-fest.

They banned it to protect their people from investing from these fake ICO, but once the industry has some form of regulation or they are assured that their people will not lose money from investing from these ICO's they are going to lift it, they are a strong and major player in the cryptocurrency.

I think the main reason why they banned it - they cannot actually control it or make actual profit from it. But after they figure out how - china will probably legally enter the market.

Governments ban the things that they cant control by themselves. So chinas decision is not surprising. But in the near future chinese people Will find Ä way to overcome that regulations.

Their regulatory environment is quite ambiguous. I would assume that they will eventually abandon such a strict regulation when they come up with participating in some ICOs (or at least hold a profit from them). Smart Chinese investors always find a way to invest in crypto markets.

In China, even if the ICO project is officially banned, those who want to raise funds will find other ways. “Prohibition” is unlikely to affect investors and merchants!

I clearly don't know yet China banned people from ICOs or not?

But incase if they have  banned their citizen from participating on the ICOs they still can by usig VPN but some of the ICOs asking for KYC at last or in the beginning if they happened they can't be able to part of that project.

Let's say China wants to ban ICOs but how?
It means that they can put some barriers to launch an ICO in China but they can't block other ICOs in other countries.

well, they have already found one, a lot of chinese people invest from countries where it is legal

they register their money or get someone who has the right citizenship

I think that they can revert that ban regulations just the same as India does. Because the only thing that they need is to understand that those processes are unavoidable and sometimes positive.

I do not think that this will happen, China has a lot of interesting and promising projects. That would be very stupid.

ICOs are actually banned but Chinese investors still invest in them through middlemen. They pay a commission for the service and that's it. That's why the prohibition to participate in ICOs doesn't make much sense, whoever wants to invest in them will find the way.

seen for the time that I currently see ico is a Chinese strategy to get and give progress to the country, and this is not a step forward on a blokchain.

China is one of the most important manipulators of the crypto currency market. We have all seen this on many occasions. I would not pay attention to the news background, it's a tool of manipulators. Regardless of news, the number of bitcoins has not changed, and its value remains indisputable.

China has banned ico long ago!
Now the Chinese government bans media publicity and reporting on cryptocurrencies and ico!
There are indications that the Chinese government intends to completely ban cryptocurrencies!

I do not think that China will forbid living and working in ICO. Pure from the point of view. What will boom and boil. on the part of investors. But if of course there is an alternative. To that I have little faith. Well we'll see.

China is considered one of the most influential market in cryptocurrency and this ban really affected the health of crypto. But we know chinese they want to create their own. Maybe if they figure out what will be the best solution,  this ban will drop in future.

When the relevant regulatory laws were introduced, there would be no ban. China now bans ICO because there are too many fraudsters. On the other hand, it also protects its citizens and avoids being deceived. ICO is only banned, but it is not illegal. We need to pay attention to this point.

In fact, the Chinese government has long banned it. Since the end of last year, the Chinese government has banned all Ico projects in China, but many investors continue to invest in the ico project through third parties.

China is very strict about cryptocurrencies. Chinese residents are forbidden to participate in ICO and use cryptoexchange exchanges. But China wants to introduce blockage and I think that sooner or later the Chinese government will be more loyal to cryptocurrencies.

I don't think they will move to deep against ICO. Maybe they will just ban it and wait for the market to become clearer and then they could have atleast a good move that will prohibit cryptocurrency trading.

There were news that unequivocally forbade many relations with crypto-currencies, but I can not exactly say how much I know this is due only to legal entities, so the situation here is not clear.

Maybe China wants some regulation before ICO will be release again.
We know that there are more than 20 cryptos from China and they are supported.
In due time we will see again them launching an ICO, i will wait for that. it will be a sold-out.

china is putting lot of restrictions in blockchain events as well China is taking strong step to regulate bitcoin and cryptocurrencies and even icos and blockchain smart contracts

Yes, they did this announcement and promised to destroy every business connected with ICO's, but it is possible to read about ICO and publish about ICO even on the biggest websites in China.

Mr Xi really don't like ICO. Sooner or later, Mr Xi will let the ICO disappear from China. You know that? Because it will affect the strength of his Communism Party.
Mr Xi want his party will take control the country, especially in the fiancial field.

They can restrict the ICO websites in their country,do you know facebook is also banned in China so they can put barriers to the website and if someone found using it they will be punished.But as I said they can get access to the website through VPN but when KYC needed you will be busted.

The Chinese government has publicly banned the ICO, It's probably illegal，so who want to do it have gone abroad.

I think the ban is only related to cryptos actives, like marketing and so on, i don't think they will ban crypto trading, if they ban crypto related act ivies then it could force a lo of them to join the trading, which could make the market to go high

I don't think that's gonna happen.. These are just rumors, of which there are a lot of crypto-currencies in the world. All this is done to manipulate the market.

I have read several articles about this China banned Crypto but they are thinking to regulate it instead of banning the whole crypto

More than 120 offshore cryptocurrency exchanges have been blocked by Chinese authorities. The exact reasoning is to basically block any crypto related businesses. Soo banning ICO and exchanges will be coming very soon.

I think you are right, China is banning crypto because it is very hard to control as this digital currency is decentralized. As i know China, they would not give freedom to it's citizen to enter the crypto as they are protecting them also to be victims of scams and frauds. If they will lift the ban this would give a boost to the crypto world as they are a major player once in this business.

China is no different than the SEC and ETF's.  Once they know how to control them the bans will be lifted and the sheeple will be ushered in.  Basically the government is cheating right now so they can get in.

I don't think that will happen because as long as the ICO is not in their country, it is not a matter of the Chinese government.

I wouldn't dare to say completely banning ICO. Because I believe there are some people within the government of China who is looking at the benefits that blockchain technology or ICO can give China. So if ever they would ban it, I believe it would be temporary.

One reason why they ban it on social media" coz they manipulate the price of bitcoin. But as you can see there's a lot of ICO that creating everyday. They will provide securities and policies before they release it. However investors should unsderstand the terms of agreement of government policy.

all possibilities can occur, including ICO bans. it is not impossible that the Chinese state will ban bitcoin if something happens in that country. but until now the possibility was very small. China is one of the biggest countries for the distribution of bitcoin, therefore it is very unlikely

China prohibits ICO, Bitcoin exploitation and exchange is still legal. They can not manage all that. The Chinese market is too large and fertile

the ban will only manipulate prices on bitcoin.
I think we already know that China is often forbidding crypto users for its inhabitants, but that is partly just fake news.

The Chinese government is going ot ban anything that they get caught off guard by.  Then once they have the situation in their grasps they will legalize it.  The Chinese government is about as sleazy as the USA government. 

This particular topic has been discussed several times on the Discussion board in this forum. Someone once said something about the ban being lifted very soon,  but he didn’t mention when it’s going to be actually, and he also said that they are going to set new rules and regulations that governs cryptocurrency.

We are not yet sure about all that, so let’s keep cool and see what happens if they are going to lift their ban or not, but whether they do that or not,  people will still find a way to invest in it.

The ban will be dropped, if not very soon I'm sure in the not too far future

I think all countries have their own policies about cryptocurrency, especially ICO. there are some ico who are scams in it and it makes a lot of people afraid and also gets a big loss. that way there will be more and more people who are afraid to follow an ico. I think it all depends on how we can choose the ico well.

as far as I know, only major investors continue to invest, but minor wouldn't even consider any kind of investment. That's why we see a rapid decrease in the amount of investment. Before that, projects could reach their soft or even hardcap vie crowdsale, without any funds or pools, but now it's impossible for 99% of the projects.

China is a very smart and calm businessman. The Chinese government does not allow riots and riots in its own country. Necessarily there will be tools for regulating the crypto industry. And when the Chinese communist government takes full control of the crypto, then everyone will be allowed to ICO and others.

The ICO ban is not a statement on either blockchain or innovation. Given the authorities' recognition that they need to continue to modernize the financial system, and the desire to become an increasingly important player in global markets, it is unlikely that the ban will last for long.

I think China will not lift the ban because ICO scam are very rampant in ICO sale. Majority of ICO are scam while many of them failed to deliver their promise on their project. For them it is very alarming and they should protect their people from scam.

They might, why not. This way of crowdfunding don't fit their political and economic views. They can ban ICO but can't but bitcoin, haha

China has put a ban on crypto for 1,2,3,4,5,100,300,1000 times already and the market is still thriving. They could ban crypto trading, but can they ban the blockchain technology that they too have to embrace at some point? NO!

Not long ago, the Central Bank of China also issued a ban on ICO virtual currency operations. This move has made the global virtual currency market decline without braking. Investing in electronic money has become more difficult than before. Vietnam is also seriously affected.

Yes, I think that the ban will not last a long time. China's population enthusiasm for the crypto world is huge, so, I think that the Chinese government will make a good decision to realize the public demand.

I think even if china ban ICO's in their country, people will still find means to invest in an ICO, since last year china has been going so hard on crypto currency and yet their people still rank top in the use and trading of crypto currency, so they will still find way around it

China is a communist country ruled by the Party. Communism is about control in all the spheres of human activity. So if they could not ban it so that no Chinese citizen could invest in an ICO, the had to at least make it look like it was banned.

Prohibition may be only temporary. As far as I know, China is very keen on the blockchain. Perhaps it is forbidden only to better protect their people. But still can participate.

I think that the Chinese authorities will soon lift the ban and the crypto market will go up again. China is a very progressive and strong country and even if the prohibition will be that the investors will beat her by various methods.

China has been very hash when it comes to cryptocurrency for sometime now and have finally and officially ban cryptocurrency .it will have impact on industry anyway but hope they change their mind soon.

Personally, I think the more crypto grows and become accepted as means of exchange by companies and other country, it will gradually grow and china will also drop the barn and accept it.

I think China will not forbid it, but only establish laws to regulate this area. I consider that this is another news for the market manipulation of the Crypto-currency

China bans the ICO only temporarily, awaiting a formal license. In the coming months, the Chinese government may launch a licensing program for ICO, trying to restructure the market and introduce its plans. Legal ICO and Blockchain launch for the public to sell and raise funds. 

China has a huge economy. Investments in ICO as uncontrolled financial flows have an impact on eco-dynamics. To maintain order, it is necessary to manage ICO. Until this happens - in China, ICO will be banned.

I don't think so, i believe they are also one of the manipulating elements of the crypto industry. They are also trying to buy in a cheaper amount so they will be securing big quantities before the prices goes up. I know every chinese business man mind. They will do it in a mischievous way for sure.

I am sure that the ICO in China is resolved, as soon as the Chinese authorities select a suitable legislative base. It's just a matter of time. But then already, when the crypto currency will gain status on a legal basis, bitcoin will no longer be worth it today. And investors need us to think about it.

I think the Chinese government does not forbid ico, it's just that they give warnings to their citizens so that they are not wrong in choosing an investment. But if they will ban ico, then it will not have too much impact on the market.

I personally think that China is one of the countries with high corruption in the world, besides many companies use cryptocurrency to evade taxes. Candles must first be forbidden by their people, and then they will be given the crypto laws to make it a revenue source for the government.

i think as soon as they work out the regulations and laws they will allow them

I think the Chinese Government only did what is good for their citizens. They want to protect there people from getting scam and almost 90% percent of ICO's in 2017 are scammed. But, it doesn't mean Chinese residents can't participate in ICO's, they still can participate. And they can used VPN to access the ICO site's. Unfortunately, some projects don't allow Chinese residents to participate.

I think no. it's better to legalize rather than ban it. It's better to take taxes from that. Ban is the worst variant.

I think in most cases the ban is just a formality. Who needs he and so invests. It just creates visibility, but no more.

Taxes sound bad for this market >:(

I do not think so, I guess there should be regulations and this is quite fair, but banning is overreaction from the side of the governments.

This kind of thing is really hard to say. I think some departments in China really want to ban ico, such as China Securities Regulatory Commission, because ico has divided their cakes.

Not good, there is so much success ICO team from chinese also good bounty project from china hope it not happen

I think we will soon release this order, because China is a country with a thriving economy and they do not choose the best solution for their economy. Currently, many ICOs are coming out and developing in China, most of which are widely used in the industry and blockchain is the best technology in the crypto industry. The future is likely to be a legitimate ICO.

The ico ban must have come due to a reason and till that reason is satisfied, I don't think they Will go back on the ban. Many people have lost their money through those and I think it's why they effected the ban making it illegal. People would still invest because you can't really trace them.

ICO projects in China are officially banned, but Chinese investors still invest through intermediaries. There's no way the government can completely block people from participating in an ICO.

I don't think they have actually banned ICO, as soon as they develop legal policies to work with ICOs and crypto they will cancel the ban. China continues to be one of the biggest players in the ICO market.
I have heard a lot of strange news about China that always makes me skeptical about news coming from this country. most of it is false or at least half the truth. and if I am right then that is the reason why China is still investing in ICOs. however, in the end if the ICO situation continues as the majority of this country, including China will ban them forever and end their scam fest.

If China is completely banned from cryptocurrency, it may be NEO, TRON, WINGS, also not in the top 100 cryptocurrency list.
The Chinese government has banned the implementation of ICOs, because the ICO has a lot of fraud there, if for trading cryptocurrency they are open to the public.

neh ,it won't
its just rumors and if u do enough research a lot of coins in the market own my china investor

actually I am also a little confused with the ban on ico in China, while about 4 years ago China released crypto that is neo, but in my opinion maybe the ban will be removed because now the ico project is interesting and there are also many participants, and maybe if China also makes the ico project also will be good and successful like neo coins

I don't think this ban of a thing is real. This is because crypto activities still continues normal to an appreciable extent. I know of a Chinese blockchain project that boasts of an immense support from both the Chinese government and citizens co-joined.

At present, many countries cannot do it. Perhaps this will happen in the future when the cryptocurrency is more mature.

Got a point, China has a huge population with huge users of crypto with that their government would probably not do something that will harm those individuals and soon accept what China citizens wanted. This kind of situation should be understood by the government not just to benifit investors but also the country itself.

they have Hong Kong to ypass all their rules and prohibotions

After all, the ban is not a law, it is just an order. It is absolutely possible to be changed. China is the world's largest crypto country, and I think their government will not give up crypto easily.

China has already forbidden many times, and then again allowed, do not pay attention to it, it's just a routine manipulation on the news background, in time everyone will forget about it and China will refute these rumors.

It seems you do not know yet, Hong Kong is not controlled by the Chinese government. It operates independently so there are many ICO projects and exchanges being based in Hong Kong

It is a trend that China has been exhibitig for sometimes now. They ban ICO and Crypto related activities so that they can buy the dip when people start to sell off in panic

Let's hope they do. China is a weird country. While considered to be communist, it usually doesn't prosecute the usage of western websites and apps. It also broadcasts American films. From people who've lived there, I heard it's more of a capitalist country, but than some scary things like total camera control of their citizens happen and you realize you're not in the West. This means that they can stop prosecuting crypto enthusiasts, but can suddenly make attempts to ban them. This would be a huge mistake, because one cannot ban the future. ICOs allow people with limited resources and awesome ideas to create great businesses.

China sees that ICO is a very risky investment so it prohibits participation in them. As soon as the ICO will provide more guarantees to investors, China will change its mind.

They banned ICO and exchanged. It prohibits everything related to crypto because they can not control it with an overcrowded population. There are too many people involved in crypto so the best solution is to ban it. Hopefully in the future China will be like Korea in controlling the crypto and will lift the ban on it

It seems to me that they will deny until until you've worked through its policy about ICO!

In my own opinion, I think the chinese government will still lift the ban on icos. Though it might take a long time for that to happen because the will need to be convinced of the safety and the rate of scam is reduced before this can happen. I also think when crypto grow to a very high level and it is stable and other countries accept it because of the good potentials that it has, then the ban will also be lifted in china.

not banning still ppl doing ico there just low profile

Obviously yes, I've heard long time ago about that, china and korea banned cryptocyrrency, but chinise and korean people already found the way to buy crypto and invest in ICO. Imho nobody can stop progress.

Actually China doesn't ban ICO but they restrict it and they will only allow ICO for internal interest like ICO that came from China and they will only allow any foreign ICO which is base on NEO platform because they patronize NEO as an alternative platform against Ethereum, if more Chinese people will adopt NEO it wil be the largest blockchain than Ethereum in the future.

The Chinese government has always treated investment with suspicion and caution but I think they will lift the ban in the near future !

China ban ICO to protect their people from fraud. For the last 7 months there are 65 ICO's raised amount to $400 million and in August this year it reaches $750 million. A lot of ICO created in China and the goverment are afraid for there economy. The ICO ban is not a statement on either blockchain or innovation. Given the authorities' recognition that they need to continue to modernize the financial system, and the desire to become an increasingly important player in global markets, it is unlikely that the ban will last for long.

I think that they banned bitcoin because it is a treath to illegal things such as used by the syndicates and also use as money laundering that is why china government is so strict that they banned bitcoins in their country.

no its not, I think they just do that to limit the scam ico that has been launching from their country, which is really bad, they wanted to stop the bad situation. since ico become in demand even in china, they banned it, but they will close this issue again for sure like what happen before.

I'm just hoping if china will ban those who holds ICO since a lot of them are just obviously scam and trying to make money, no actual product on their roadmap just always writes "Testnet".

Well, in many countries, cryptocurrencies or ISO are prohibited but this does not prevent anyone from continuing to engage in this activity, although of course there are risks.  I think in any case in the future many countries will legalize it all.

All possibilities are possible, including the ICO ban. It is not impossible that the Chinese state would prohibit bitcoin if something happened in that country. but so far very small possibility. China is one of the largest countries to distribute bitcoin, so it is unlikely
.

I see the ban as more of a regulatory control. At least a lot of projects now comes up with kyc and host company are more visible than before . China won't out right ban ICO, because crypto is the future

If it is more beneficial for China to join cryptocurrency than ban it, surely they will cancel the ban but if not it will take time most probably to really allow cryptocurrency usage. We know for a fact that China have developed so much and that their country have so much more to lose than not.

I think China will not ban ICO. The government has only put in place regulations to curb the development of these ICOs. There are many Chinese people investing in ICO projects. So it is hard for the government to ban ICO.

You are wrong, China banned ICO not because of fear that their people will suffer losses, but because they cannot control the outflow of funds caused by cryptocurrencies.
So they will never legalize cryptocurrencies unless they issue CNY cryptocurrency.

China will always protect it’s peoples interests.  Before, ico in china is very rampant. It’s just that so many of ico are fake or scam that they literally run away with peoples’ hard earned money.  Chinese government has stepped up to stop bad ico.  Maybe in the future, ico will need to secure permit from government for checking before they can be offered to general public.

I think that ban it is just word. Any restrictions have some conditions. I'm not familiar with this conditions, but I'm sure that conditions are exist. An if you are in line with this conditions than you are able to participate in ICO.

Well of course, thats what happens when something people used to do is forbidden.

Remember what happened during the times of the prohibition in the U.S.? The exact same principle happening there.

They can't ban all Cryptocurrencies since their own coin would drop in price or go to the trash too and that is definitely not good for them. Of course, communist regimes loves to think they have control over everything. Let's see what happens next.

I think that the Chinese authorities will forbid to hold ICOs for those who will not be agree with the authorities' rules. In whole China is really strange country - everything dealing with crypto it forbids, but it produces new super ASICs for mining at the same time.

I think that of course the ban will be canceled someday. For the government, it is necessary to work out a strategy in which the prohibition of ICO for the state would not be profitable.

I think that yes, this is such a cunning plan, which only  a small part of people know about. Since reverse actions, that is, cancellation of the ban .. can greatly affect the market, and then prices will grow..that at the moment, most likely not interested in this circle of people..

how many cases were when they were forbidden, and then we did not prohibit such things but warned. I think they will come up with their own regulation and allow

The Chinese government wants to develop a blockchain in their own country, but they consider cryptocurrency to be a fraud. China is too strict about cryptocurrencies, but in some ways they are right

If the government wanted to have people not use the coins then they would've enforced an entirely different method.

The ban will not be able to solve the problems, and there will not be much meaning from it. So I think they will make the right decision.

Yeah! Rumors on rumors. Sure, China put a hold on ICOs and there is no doubt about that as this is news we were all aware of and that was for a good reason based on the scam ICOs originating from China which the likes of NEO built a platform to curb and is from China.

I am sure the Chinese government knows the importance of allowing the space to evolve for the benefit of their country at large, so I would not say they will categorically ban it, but at this stage, I guess they are looking for how to make things work right and better and even if they do ban it, I would say it is their cup of tea.

i hope they actually ban and stop fudding the market. market has been under effect of news related with china all the time. they are manipulating the prices and market using those kind of news. i hope they totally ban and stop it.

I do not think that the ban of cryptocurrency in China will be always. Inhabitants all the same buy it at the exchanges. Most likely the ban will be withdrawn soon as it does not make sense.

They have initiated it such banning period of all crypto transactions since last year and we're not be sure if it could forever unless government authorities will realized good things about crypto. They have banned  crypto activities cause they think it could ruin their financial stability and hope it won't. That is why peole don't have such freedom to participate ICO   projects.

I do not know how many will be the ban lasts, but it seems to me it is useless. Because all residents of this country who want to buy cryptocurrency or to participate in ico all the same do it despite the ban.

They will try to regulate them and I hope that they succeed in that. I am basically against regulations but ICOs are just one small fragment of crypto, so who want to participate in that is already giving their data in KYC so there is not much more regulations that they can implement to people, and it will bring safety in eyes of investors.

i doubt that it is going to happensoon but i think that we need to take into consideapartion all the factors

why would chinese need it i do not understand it completely and i do not thinkthat common peopel will be glad about this decision

it can happennot soon but sooner or later so i think that we need to think about the future of the cryptocurrency world now

I think it's all fiction. People are just trying to put Bitcoin on the blades, and then wrap it with a rope and lift it to the sky.

It’s pretty vague to answer this question, and especially this topic is not too strange with those people who are in this forum. To say frankly, I also have the same thought with you guy, that Chinese government actually does not impose a ban on ico, it’s just  a threat temporarily. The prove is, obviously, as we all know that in crypto market Chinese is still much crowded than any other countries. Anyway, it’s just my thought, but with a large number of cryptocurrency users, Chinese government will not ban ico from his citizens easily.

China will not stand out of blockchain technology. They will unban ICO soon. Blockchain has been developed fast and brought many benefits to the world economy.

the policy may change at any time. When can see the potential that exists from crypto could certainly only going to affect policies that were previously set to receive crypto. There are countries that prohibit crypto thus slowly however and technology began to be adopted in the country and certainly are slowly and gradually crypto will be the longer can enter and be legal in this country.

In China, competent and intelligent leaders in the government. They will not miss the opportunity to earn money from the implementation of ICO projects in the state budget. I am sure that the Chinese authorities will soon find an opportunity to control the ICO and receive income from it in the country's budget.

I don't think the ban will be permanent because it will also affect their overall interest in the affairs of the world. I think what the government wants to do is to devise a legal means that will make ICOs to be accountable and less riskier.