Bitcoin Forum

After china will other countries also take similar decisions, its temporary  or permanent ban in china?

It doesn't really matter because none of other countries as big as China and USA. Even if they ban ICO's it won't affect market as hard as this news. I think China will lift this ban soon too, they can't ban, they want to regulate. USA banned ICO's and everybody saw the consequences. It's their loss, not ours. Wait patiently and you won't lose your money. Don't sell any coin at loss.

They will not. China banning ICO because there's reason behind it I thnk that the overwhelming ICO that misused by many people to gather funds without resulting good outcome is the reason that trigger this banning against many ICO. but, it won't affect that much, relax.

You forgot about Korea.

I think all countries will regulate ICO's, so the party is over. Especially will be important the case of Korea and Japan.

I don't know which country will be the next one to ban ICO. But i think it will give some ideas to some countries. I don't think governments like to see ICO and funds that they can't control.
But maybe some will still accept it. But companies creating ICO will be lesser as there will be fewer participants in ICO.

I can't see any major countries ever 'banning' ICOs, however they make take similar steps so as to be able to introduce better regulation. As far as I understood it the ban in China will be temporary until regulation can be improved to protect against the many scam ICOs.

I agree with Van.
The reason behind all of this we can see here in the forum. Good thing we have some people here that are targeting those scam ICO's which makes it cleaner. In other forums it cannot be stopped. Social medias and other advertising do not have the time also to detect those who are fakes and are just trying to make money.
If it is banned to those countries it wont affect much. They just need the investors and they could use someone to create the thread for the ICO.

Probably this is just the beginning, too many scams going around and they are damaging legit projects.

BTW, people can still make ICOs without even calling them that, a premine is an ICO, developers dump when they need the money...

The reason of china ban is too many people using the technology of "Blockchain" and the terms "Cryptocurrency" to play with money game.

Those project are just HYIP and sort, we don't see it in BTCtalk because it is very simple.

Their operation will be, someone found the site, someone promoted and people join.

They just use the terms "ICO" as a camouflage and this, destroys the "ICO, Cryptocurrency" Terms in the eye of people who don't have idea about the industry.

Why do i know? I am a chinese, i know how chinese works and the ecosystem of the ethnic of chinese;D

I believe the Non ICO coins will start to benefit when the dust settles. People have to put their money somewhere and the ICO market is too dangerous right now.

ICOs are overwhelmingly a way for scammers to steal money from gullible people. I really hope they're banned everywhere.

Nobody knows exactly for sure what may happen in the future. But we don't want to see more countries banning ICOs in the future because that is bad for business. 8)

You shouldn't forget what kind of government china has and how many restrictions and ethnic differences there are overall - not only in cryptocurrency market.

I don't expect other countries to follow.

I'd say that Russia might be another candidate since they've also shown active interest in cryptocurrencies and even legalized them recently. However I wouldn't say that ICO's are going to be banned, instead they will be subject to more regulation (which is fine)

The press is having a field day with this...

The government move should “help cool down the market and sweep away bad actors,” said Jehan Chu, whose crytocurrency hedge fund Kenetic Capital has invested in Chinese ICOs. He said he hoped regulators would allow some forms of digital currency financing later. “I don’t think they’re trying to kill it.”

WSJ story: articles/chinas-ico-ban-brings-bitcoin-back-to-earth-1504526144?mod=e2tw

http://www.businessinsider.com/initial-coin-offering-china-bitcoin-ethereum-peoples-bank-of-china-law-all-crypto-illegal-etoro-2017-9?r=UK&IR=T

I dont think that other countries will ban ICOs soon. China is just freaking out at the moment. I mean why should they follow them? The people just need to do a better research, before they invest their money in crap!

Banning ICO completely isn't actually a good solution to avoid scams. Scammers will find other ways to take fool people's money. I think ICO won't be banned but regulated by other countries.

Well, Korea and Japan can also take as an example USA, when ICOs are allowed

More and more will surely follow anytime.

But tbh you cannot say nobody hasn't foreseen that.
It's just another dipping day between all the bullish ones this year.

ico certainly need regulation and it will be, but a complete ban and with such conditions - nonsense. China again affects the price. Do not panic.

Similar regulation may soon be coming to USA, too. This July, SEC warned that ICOs were being used to sidestep the law, and last week the agency issued another statement describing coin offerings as potential scams.

I´ve read that Chineses can´t participate in the ICO´s inside China, but stil cann buy coins ( BTC, XEM , ETC ) and participate in other ICOs outside of the country, like Dimcoin, Bankera, etc..

It can be very good for the ICOs ongoing. Can atract a high demand from China.

I think not. I am sure that China will unban it, because of the pressure outside. People in China already are furios.

I think it's will only happen in China. Other gov is try to control ICO.

Korea won't ban ICOs, but apply much stricter regulations moving forward

https://www.cryptocoinsnews.com/south-korea-tightens-bitcoin-regulations-will-punish-icos-report/

In China most user's are misuse the initial coin offering. So china was ban. This problem is explore in many countries. Most of the countries are said to ban ICO, But not completely ban in china it is on process.

There should be a proper way to make it, nof banning it fully, but minimizing only the ICO, China bans ICO for the threat that can cause only to get scammed or being fraud. If only ICO can filter then it be a lot easier not to be a victim.

In my opinion, the total prohibition of the ico is idiotic. Not many will make o & m, or will act like China, banning the ico at the time for its subsequent resolution and regulation.

Yes I believe there is needed for regulation of ICO as there are many ICO lately that needed to be verify. As we can observe also there are many scammers. Thus, regulation is better to implement and it is good for all and for the investors as well.

Cryptocurrency or ICO is not popular in our country and only a few knows how BTC works that's why I may say that it will never be banned and if in case that BTC will be promoted here, I don't think that it will be banned just like what happened in China because for the fact that most of us can earn money without any capital by just joining any campaign and I think people in our country will benefit once they know how BTC works.

Banning may not be on the idea of other countries. Unless there's a group of people that are into economic protest or get victimize by the ICO like what some Chinese investors gets afraid that's why they banned it.

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Other countries won't ban ICO and China won't stay with this ban. They will find a way to allow ICOs but probably with more some regulation and the ICO projects themselves will be carefully to show a working product.

Is Korea truly big enough? There were news about Korea banning icos and closing exchanges but the market didn't notice that. What's more, I believe exchanges are still working as if nothing happened (for example, bitfinex was supposed to be closed), so I guess icos are hard to ban in liberal-oriented countries and most of countries don't really affect the market. I think that ico panic is over and, even though it is possible that icos will become more and more regulated, prices of coins won't suffer from that much anymore.

I don't think this is really important. Only the bigger countries such as China and the United States of America matter to this subject. I mean what would the difference be if a smaller country like France would ban ICO's? I don't think it would influence the market nor the price of the ICO's.

I think some will do because some countries are so strict on things like that, they want to do all of projects like that should be covered by the law. They want their government be part of their country and should pay every bill that a project should pay. Also, they want every ICO to follow thier rules and regulations. On the other hand, some countries will not ban those ICOs because some countries are not strict on things like that because some countries just focus on their culture and traditions, and their country as a whole.

I think it is temporary. China will at least give permission to exchanges. They banned ICOs to stop it immediately because regulations are not ready now and people will lose money because of scam projects.

china is now banned ico, but that does not mean ico will be destroyed,
we must remain calm and follow the course

China banned ICO, but is it temporary or constant?
what other countries will ban ICO?
ICO is a development of market, I really think so
but they should be regulated to decrease scams

France? i am not sure but i think i saw it on Facebook crypto news page today, not sure if real

Then, malaysia Might be affected. or Might not, it will be declare at the end of year :/

Probably not anytime soon, you must understand that the reason the US and China did that is because a lot of bitcoin owners and enthusiast come from those two countries so it is natural that their governments have taken special interest in a topic like this, but since bitcoin is still not that big in many other countries then I think it is safe to say that only a handful of countries could be interested in something like that.