ChromaticStar
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September 04, 2017, 03:30:51 PM |
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MCO is from Hk Everyone knew that
A scrutiny check will be done on every completed ICOs n return or nt will be based on their judgements . Nt every ICOs hv to do it. Mainly meant fr fraudulent ICOs .
Where does it say case by case judgement. I highlighted the exact words from the press release. Do you have a source for exemptions?
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Joker168
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September 04, 2017, 03:33:44 PM |
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The people that do help, I invested $ 2000 for me, this is a lot of money. and shas the market falls and in a minus in a charoshom and don `t know what to do and the current supply that it will grow I'm from Ukraine Люди, кoтopыe дeйcтвитeльнo пoмoгaют, я влoжил в 2000 $ для мeня, этo мнoгo дeнeг. и шac pынoк пaдaeт и в минyc в бoльшoм и нe знaeт, чтo дeлaть, и тeкyщee пpeдлoжeниe, чтo oнo бyдeт pacти
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JohnDoe3490
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September 04, 2017, 03:39:50 PM |
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The people that do help, I invested $ 2000 for me, this is a lot of money. and shas the market falls and in a minus in a charoshom and don `t know what to do and the current supply that it will grow I'm from Ukraine Люди, кoтopыe дeйcтвитeльнo пoмoгaют, я влoжил в 2000 $ для мeня, этo мнoгo дeнeг. и шac pынoк пaдaeт и в минyc в бoльшoм и нe знaeт, чтo дeлaть, и тeкyщee пpeдлoжeниe, чтo oнo бyдeт pacти Come back in a week and re-evaluate. Don't trade on emotion.
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Joker168
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September 04, 2017, 03:43:00 PM |
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Thank you
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DigitalNinja
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September 04, 2017, 03:44:42 PM |
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MCO is from Hk Everyone knew that
A scrutiny check will be done on every completed ICOs n return or nt will be based on their judgements . Nt every ICOs hv to do it. Mainly meant fr fraudulent ICOs .
Where does it say case by case judgement. I highlighted the exact words from the press release. Do you have a source for exemptions? The talks are icos which have not issued tokens will be refunded. in MCo's case the tokens are distributed and trading higher than the ico price. there is no risk of a refund with mco. The news today directly effects up coming icos
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2fresh
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September 04, 2017, 03:45:39 PM |
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These are regulation laws from China. Isn't Hong Kong independent and don't they have their own legal system? Which would mean this doesn't even apply?
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ChromaticStar
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September 04, 2017, 03:48:03 PM |
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I already have. I just sourced that article. This is the closest thing to exemptions in the article: China will likely eventually allow token sales, according to Chu of Kenetic Capital, however only on approved platforms, and may even vet projects individually. “I think they will allow the sale of tokens in a format which they deem safe and more measured,” he said. This is a private individual speculating on the future, key word being "eventually." There is no exemption provided in the PBOC press release. It clearly says funds must be returned to investors. I don't know what else to say. Await a press release from Monaco now. The talks are icos which have not issued tokens will be refunded. in MCo's case the tokens are distributed and trading higher than the ico price. there is no risk of a refund with mco. The news today directly effects up coming icos
This applies to upcoming and completed ICOs. Funds need to be returned. ICO investors may have a capital gain in dollars, but likely a capital loss in ETH. If you bought at the top a little while back, well, that really sucks.
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compmaster
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September 04, 2017, 03:49:09 PM |
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I want a black card! I wanna be a baller.
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kvt123
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September 04, 2017, 04:09:07 PM |
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Well done China for clamping down on the crypto ICO space. There are way too many scams, fraudulent, illegitimate and general shit coins causing genuine investors to lose significant funds. The established cryptos that survive this crackdown will see a tidal wave of equity from parties looking to invest in the crypto space.
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MalReynolds
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September 04, 2017, 04:28:23 PM |
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NEW CHINA ICO LAWS = NO EFFECT ON MONACO !!!MCO : FULL SPEED AHEAD !!!Key posts made over on the Monaco Slack channel: Poor, poor TenX. Very Sad for them.
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DigitalNinja
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September 04, 2017, 04:36:00 PM |
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well that settles that then lol . long live MCO )))
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ChromaticStar
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September 04, 2017, 04:36:17 PM Last edit: September 04, 2017, 05:06:35 PM by ChromaticStar |
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NEW CHINA ICO LAWS = NO EFFECT ON MONACO !!!MCO : FULL SPEED AHEAD !!!Key posts made over on the Monaco Slack channel: Thanks for posting that. I retract all previous statements. That's definitely good for everyone here!
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Altpower
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September 04, 2017, 04:48:00 PM |
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I am deep in red, but somehow I think this is a great day fro crypto. I always trusted Chinese government, they only want good for their people. They hate scams, those who steal are punished very very highly.
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kvt123
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September 04, 2017, 05:07:00 PM |
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Thanks for posting that. That's definitely good for everyone here. I retract all previous statements. If what this is saying is true, it doesn't look good for PAY and OMG. There is a very good chance that MCO will become the frontrunner in the crypto to fiat card space...when this news sinks in, I have no doubt that MCO will find it's rightful place in the top 10 of cryptocurrencies. This is a fantastic day for MCO and legitimate cryptocurrencies...gla Feel sorry for those that panic sold before this announcement..
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MalReynolds
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September 04, 2017, 05:10:10 PM |
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Thanks for posting that. That's definitely good for everyone here. I retract all previous statements. If what this is saying is true, it doesn't look good for PAY and OMG. There is a very good chance that MCO will become the frontrunner in the crypto to fiat card space...when this news sinks in, I have no doubt that MCO will find it's rightful place in the top 10 of cryptocurrencies. This is a fantastic day for MCO and legitimate cryptocurrencies...gla Feel sorry for those that panic sold before this announcement.. I'm working on my post to the TenX thread. It's taking a long time because I am laughing so hard. https://en.wikipedia.org/wiki/Schadenfreude
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ChromaticStar
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September 04, 2017, 05:17:13 PM |
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Thanks for posting that. That's definitely good for everyone here. I retract all previous statements. If what this is saying is true, it doesn't look good for PAY and OMG. There is a very good chance that MCO will become the frontrunner in the crypto to fiat card space...when this news sinks in, I have no doubt that MCO will find it's rightful place in the top 10 of cryptocurrencies. This is a fantastic day for MCO and legitimate cryptocurrencies...gla Feel sorry for those that panic sold before this announcement.. I'm working on my post to the TenX thread. It's taking a long time because I am laughing so hard. https://en.wikipedia.org/wiki/SchadenfreudeI went to the ICOAge website and they have a post in Chinese that can't be translated. This guy seems to know what it says: https://www.reddit.com/r/nem/comments/6xum8n/icoage_suspended_icos_must_now_go_through/Since TenX isn't located in China, I don't know how they can be force to return funds, and they might be able to operate outside China. It looks like a lot of high profile ICOs were out of ICOAge. Take a look: https://www.icoage.com/?p=search&flag=3
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Altpower
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September 04, 2017, 05:21:41 PM |
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Thanks for posting that. That's definitely good for everyone here. I retract all previous statements. If what this is saying is true, it doesn't look good for PAY and OMG. There is a very good chance that MCO will become the frontrunner in the crypto to fiat card space...when this news sinks in, I have no doubt that MCO will find it's rightful place in the top 10 of cryptocurrencies. This is a fantastic day for MCO and legitimate cryptocurrencies...gla Feel sorry for those that panic sold before this announcement.. I'm working on my post to the TenX thread. It's taking a long time because I am laughing so hard. https://en.wikipedia.org/wiki/SchadenfreudeI went to the ICOAge website and they have a post in Chinese that can't be translated. This guy seems to know what it says: https://www.reddit.com/r/nem/comments/6xum8n/icoage_suspended_icos_must_now_go_through/Since TenX isn't located in China, I don't know how they can be force to return funds, and they might be able to operate outside China. It looks like a lot of high profile ICOs were out of ICOAge. Take a look: https://www.icoage.com/?p=search&flag=3NO https://www.icoage.com/?p=search&flag=3Including names such as TenX, OmiseGO, Civic, bancor
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MalReynolds
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September 04, 2017, 05:33:25 PM |
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Thanks for posting that. That's definitely good for everyone here. I retract all previous statements. If what this is saying is true, it doesn't look good for PAY and OMG. There is a very good chance that MCO will become the frontrunner in the crypto to fiat card space...when this news sinks in, I have no doubt that MCO will find it's rightful place in the top 10 of cryptocurrencies. This is a fantastic day for MCO and legitimate cryptocurrencies...gla Feel sorry for those that panic sold before this announcement.. I'm working on my post to the TenX thread. It's taking a long time because I am laughing so hard. https://en.wikipedia.org/wiki/SchadenfreudeI went to the ICOAge website and they have a post in Chinese that can't be translated. This guy seems to know what it says: https://www.reddit.com/r/nem/comments/6xum8n/icoage_suspended_icos_must_now_go_through/Since TenX isn't located in China, I don't know how they can be force to return funds, and they might be able to operate outside China. It looks like a lot of high profile ICOs were out of ICOAge. Take a look: https://www.icoage.com/?p=search&flag=3NO https://www.icoage.com/?p=search&flag=3Including names such as TenX, OmiseGO, Civic, bancor https://bitcointalk.org/index.php?topic=1953612.msg21509225#msg21509225I guess I'm gonna have to do a post like that for every coin on the list you linked to....
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ChromaticStar
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September 04, 2017, 05:49:00 PM |
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I did laugh a little bit, but I don't think most of those projects are in China, which probably means they aren't going to do anything. TenX is in Singapore. I think the biggest aspect of this ruling is that tokens will no longer be traded for RMB, which has been a big source of demand for them. This ruling is going to deal a serious blow to the whole token market.
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