China is really strict with ICO

[lisalise]

Although Chinese government supports the application and research of blockchain technology, but it's really strict with ICO, and one investor whose name is Xue Manzi is now in jail because he stands for some ICO projects......

[Lyly Coline]

At the beginning of last year, China remained the strongest bitcoin trading market. It is also home to many of the world's largest bitcoin companies. Digital diggers have rushed into China because of low electricity prices, cheap labor and many supporting industries. After strict government control regulations, many big bitcoin companies like Bitman, BTC.Top and ViaBTC had to flee from China to more viable markets.

[romeosreal]

I think later chinese goverment will regulate ICO, so maybe it's no problem

[Seward]

China's government's digital money-cutting measures have had a huge impact on bitcoins and other co-substitutes over the past several months.

[dE_logics]

There are signs that the Chinese ICO ban is not as bad as anticipated. You have to admit that ICOs can bring out a criminal element.

[bigcash2011]

No one is against ICOs, we need to understand that even China is against the scam icos not the real ones and that is just to protect innocent people from loosing their money.

[Grillo]

Because it is monopolized, that is the only reason of why ICOs are so restricted in there, i don't think that this is something bad because there were more than thousands of scammy projects in there.

Although Chinese government supports the application and research of blockchain technology, but it's really strict with ICO, and one investor whose name is Xue Manzi is now in jail because he stands for some ICO projects......

[bobo012]

I think later chinese goverment will regulate ICO, so maybe it's no problem

I agree with you, later they will realize they made a mistake and are left behind all the other developed and smart countries that didnt stifle progress but regulated it. Then they will rejoin but it will be too late

[Athelstan Miller]

Yes, the Chinese government is continuing to implement a prohibition of digital money transactions, tighter control of online platforms and mobile applications for this transaction.