China Never Went Anywhere, Contrary to Misconception
by NEO2MOON
I keep seeing comments: "if only China would come back" "if only China would get on board" "once china comes back online". It baffles my mind because China never went anywhere. Onchain and NEO are expanding in China and world-wide and if anything China is extending its arm more than most other nations to date with strong encouragement of blockchain development and infrastructure. All China did was shut down traditional exchages so that grandma doesnt liquidate her retirement savings and invest in Bitconnect or 500 other scam ICOs. While many experts have voiced that they see this as a pause until regulations are solidified, the ecosystem has been and will continue to move forward regardless of the exchange situation.
A few notes: - China is encoraging blockchain development more than perhaps any other country. They are even developing their own digitized yuan to be compatable with the digital/smart economy
ICO/project funding in china is legal but you have to be an accredited investor
ICOs can be launched but funding must be international if the funds are raised by the general public (there is plenty of international funds)
P2P crypto trading is alive and legal in China and exchanges are now building for that model.
NEO, the platform, is moving forward inside China and outside of China regardless of what happened to the traditional exchages.
After the "crack down" - which is a restriction on broad ICO funding and trading, not NEO, the following has been launched or in progress:
Red Pulse (RPX) sucessfully launched their ICO and raised the full amount sought.
Loopring partnership (being modified to run on NEO, Da Hongfei is an advisor) (decentralized automated execution system that trades across crypto exchanges but protects against counterparty risk, namely transferring tokens to exchanges and the exchange going down or freezing your funds)
NEX - the CoZ developed platform for decentralized trade and payment service creation was announced
Qlink announced it will utilize the NEO network and register assets on the NEO chain. Qlink is a wireless telecommunications service with millions of existing customers
Elastos partnership - Blockchain powered internet. Elastos is the world's first Internet operating system that uses the Internet as the base-layer infrastructure rather than an application.
THEKEY, probably one of the most significant projects in crypto chose NEO as their platform and will have an ICO. This project revolves around digital identity through medical registration and has formed agreements/official recognition with many jurisdictions within China (AMA this week). See whitepaper for a description that does this project justice.
Aphellion P2P decentralized exchange ICO was announced (jury is out on this one)
Fosun Group (one of Chinas largest conglomerates) agreed to fund Onchain
Onchain developing proof of concept for CSD (China securities clearinghouse) and other branches such as big data/identity
More than 30 dApps are in development
New great looking and polished wallets are coming online like "Morpheus" + Ledger Nano
NEO Council agreed to a 5 year funding plan for CoZ (32 official members to date and growing)
NEO Council has been traveling all around the world (mostly asia region) and building connections and introducing NEO development training.
More than what is listed above has been accomplished but these are some of the highlights. I think this is fairly obvious to most, but for for those with any doubt - the NEO global ecosystem is alive and growing inside and outside of China!
https://www.reddit.com/r/NEO/comments/7be7wx/china_never_went_anywhere_contrary_to/?st=J9PUVLF1&sh=302f053d
