ICOs and other crypto platforms based in China---A concern for investors?

[LakeBTC]

LakeBanker is a spinoff of overturn crypto-exchange LakeBTC, which is currently headquartered in Shanghai, China. Here is our ANN thread.

Some potential investors were concerned about our China location given regulatory uncertainty surrounding ICO and fears of crackdowns. So we wrote a post on medium explaining our position here. We feel that China is actually one of the most open and crypto-friendly governments in the world. The post explains this in detail:

https://medium.com/@andrew.mccarthy/icos-based-in-china-a-concern-for-investors-1b4b3f244cfc

It would be great to get some feedback and discussion from the community about this post.

[Keihatsu]

what's there to be concerned about?

[Ucy]

I avoided NEO because of this reason. Something about Chinese Cryptos that doesn't feel right. Maybe you should check how Centralized they are before participating.

[LakeBTC]

what's there to be concerned about?

Our post argues that China is actually pretty friendly to cryptos and Blockchain innovation. However, there were a couple of incidents over the last few years that got some people scared. And some bad journalism on crypto sites making absurd claims about ICO participants maybe getting the death penalty. It's total nonsense. That's why we wrote the blog piece.

[wack slacker]

Wow, ICO of China realy top 100 @@ BNB  fly. In fuure it in top 10

[The_Dark_Knight]

LakeBanker is a spinoff of overturn crypto-exchange LakeBTC, which is currently headquartered in Shanghai, China. Here is our ANN thread.

Some potential investors were concerned about our China location given regulatory uncertainty surrounding ICO and fears of crackdowns. So we wrote a post on medium explaining our position here. We feel that China is actually one of the most open and crypto-friendly governments in the world. The post explains this in detail:

https://medium.com/@andrew.mccarthy/icos-based-in-china-a-concern-for-investors-1b4b3f244cfc

It would be great to get some feedback and discussion from the community about this post.

They are just trying to protect their interest the same way ICOs try to protect themselves now many ICOs do not accept US investors because of the SEC and that makes sense, if an investor feel uncomfortable investing in an ICO based in the the location of the headquarters then they have the right to protect themselves too.

[LakeBTC]

LakeBanker is a spinoff of overturn crypto-exchange LakeBTC, which is currently headquartered in Shanghai, China. Here is our ANN thread.

Some potential investors were concerned about our China location given regulatory uncertainty surrounding ICO and fears of crackdowns. So we wrote a post on medium explaining our position here. We feel that China is actually one of the most open and crypto-friendly governments in the world. The post explains this in detail:

https://medium.com/@andrew.mccarthy/icos-based-in-china-a-concern-for-investors-1b4b3f244cfc

It would be great to get some feedback and discussion from the community about this post.

They are just trying to protect their interest the same way ICOs try to protect themselves now many ICOs do not accept US investors because of the SEC and that makes sense, if an investor feel uncomfortable investing in an ICO based in the the location of the headquarters then they have the right to protect themselves too.

Sure. Investors need to make their own choices. But they should do that on the basis of the best information, right? There's quite a bit of misleading rumor and gossip relating to investment in fintech in China that really doesn't have much backing in the evidence. That's why we wrote the post to try to help investors get a clear picture of the real situation.

[altseeker]

Now China want a piece of the pie, like any other countries trying to regulate ICO. Fore sure, the booming world of ICO will have a negative effect for all investors.

[sweisbrot]

@op: thanks for the article, it's quite enlightening, and I agree that the Chinese government is quite open towards the industry, as they have also been looking into how to utilize the Blockchain to improve government functions (they are specifically discussing taxation and legal records right now).

@altseeker: I don't think China cares so much about getting taxes out of it, I think they truly care more about stopping poorly educated people from being greedy and ending up losing their money to scammers (let's be honest, most Chinese projects are scams, or if not scams, unlikely to succeed long-term). The Chinese government wants to also stop the flow of capital out of the country (ICOs are a great way to do that).

[Westfiled]

Now China want a piece of the pie, like any other countries trying to regulate ICO. Fore sure, the booming world of ICO will have a negative effect for all investors.

But can give me the list about the Country that are trying to regulate the ico? I think both is only China and US. That caused by to give a more safely to the investor to invest their Money.
But that should become another stone from the growth of the crypto currency.

[sweisbrot]

@Westified:

- China is considering ENDING ICOs in China
- USA's SEC wants people to register if they will be handling securities
- Singapore is following the USA
- Russia is considering banning ICOS and controlling the market
- Australia wants to legalize Bitcoin as a form of payment/currency
- Japan wants to legalize Bitcoin as a form of payment/currency
- Vietnam wants to legalize Bitcoin as a form of payment/currency
- India doesn't like cryptocurrencies

There are a few other countries that are involved too, but I don't remember their status.

Sean

[oreits11]

the customs as distinguished the difference with other company as works with the schemes with the ICO customs that the relatives as the aggregate

level of preparedness as the numbers between the shifts as the chance of attains with the access to business of the internet wide of global audience,

that the less on expends as the use as the comparatives of numbers with the potential resource as referring shifts with the developers of prc company

with the idea as establishing business to substitute the use as local attainees might have with the lower on scales to request with the arrange of

entrance with the involvesment to the field of programme.



those leaves with the chance of appeals as other partisan with the bussiness to consider as might with the condition to refer of appeals as returning

the impaires of scale with the exchange as excessing cost of manage to complete tasks of fulfillments.

[Whiplash Wally]

Encouraging article, thanks OP.

[oreits11]

the they are not cryptomen.

the customs as most of partisan from the prc has with the profile with the identification as having with the less on competence as they might most as

parts with the field of work as qualifying least education with the sectors of mechanical production /manufacturing as compared to the strategics of the

research, development as with the directional management.

that the use of chance also whilst appealing customs of barre with information exchange of the prc policy, gives as excess as they of country chinese

partisan (as opposed of the nation chinese partisan) to occupy use as gains of the further involvesment with the outsider partisan of the similar customs

as with the less literated one and becoming threats for the moderated customs of profile with partisan as might including also the chance as appropriating

the nation chinese partisan as with the higher scales on standard as expending better of compliance within the entrance on field of crypto currency

business.

the relation between less literated country chinese partisan and outsider partisan as with parts as the similar customs on literacy preference (from bangladesh, tanzania etc) (might as) threats the interest of

local governance and the domination of nation chinese with the strategics cue as persevering the stability that they must sincerely acts as must of

the labor men of power as receiving commands from the directional estate as arrange with the deliverance of order.

[wack slacker]

In recent months, a number of Chinese ICOs have been mobilized and attracted a lot of attention from investors. In general, they very quickly develop their platform and make serious roadmaps. WTC, NEO, BNB are successful ICO. There are magecoin, which is an MLM crytocurrency.
Does anyone have any question?