People still don't get it.

[Images21]

The government of china is afraid and wants extra money. China will eventually unban ICO with pressure from outside, and ICO can continue.

Pressure from outside? Who can force China to do something?

Guys, you are talking about a giant country that has biggest hash power in mining, big exchanges, and many other things. You know Jihan? He's kind of a government representative. If you think Chinese government does not understand crypto world, then afraid of it, you couldn't be more wrong.

China has banned lots of crypto activity in the past and yet the Chinese people continue to be major consumers of the blockchain. Can't stop progress!

Anyone remember in 2013 when they banned banks from dealing in crypto?

http://money.cnn.com/2013/12/05/investing/china-bitcoin/index.html

That is why this reaction that can be felt and seen with all the red paint all over the trading exchanges is very temporary. This will all be a thing of the past in the next couple of days perhaps. The government cannot monitor every movement of its every citizen especially that the world is fast becoming a single community with the internet. ICOs are still available to the chinese from outside china.

[ngefek berat]

yes hopefully a lot of ico is getting better again from time to time so the government in China revoke the restrictions of the establishment of ico in his country. And we will always be able to feel the pleasure of the results of the project that is made and we get the results later.with the effort and hard work that I have sure that the smooth will happen in order to realize a hope will be realized with reality

[Soutogu]

NEO didn't trigger the ICO ban... the MANY MANY scams that happened over the last years did (and we probably havent even heard of most of them if they were locally funded in China and scammed people). Neo was only a platform, and it hasnt even received any icos yet.

[jmigdlc99]

From my understanding, new ICOs will be banned while existing ICOs will be regulated.

This is good news for me as a NEO investor because I know that if NEO survives and is still standing despite government regulation, it just goes to show how LEGIT they are. Im hodling for now but will definitely buy more once more news comes in.

[helloal]

NEO didn't trigger the ICO ban... the MANY MANY scams that happened over the last years did (and we probably havent even heard of most of them if they were locally funded in China and scammed people). Neo was only a platform, and it hasnt even received any icos yet.

I agree. From the beginning, NEO (previously ANTshares) has shown professionalism and carefulness (eg. providing refund opportunities). Whether one thinks it is a good or bad idea, the NEO team has emphasised that it has approached things from a aim of being fully compliant with PBOC regulations.
As a holder of NEO myself, I decided to not sell any of NEO these past few days because I would think that the fud will pass soon (unless there are even more stricter regulations announced).

[doedz]

The Chinese government fears its power fades, and he can not control the crypto in his country.
This policy is at odds with the freedom gained in the Forward Countries like America. China has burned its own country by making rules that limit progress.

[erick94]

The Chinese government fears its power fades, and he can not control the crypto in his country.
This policy is at odds with the freedom gained in the Forward Countries like America. China has burned its own country by making rules that limit progress.

china implements its own policy about it to ban cryptocurrency. however, all these policies have been done alone by china all the risks have also been borne.

[nelmari]

The point is that China wants to control the economy and with banning the ICO maybe it made them feel they can control the policies. They are afraid and that is one of the reasons why they had to ban the ICO. But let's just wait and well see what the outcome would be in the next coming days.

[dreamhouse]

ICOs are mostly crap and it is perfectly normal to ban and regulate. These are simply cheaters in most cases.