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RiskySanchez
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September 14, 2018, 04:38:21 PM |
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ICOs are indeed banned in China, because China is a lot of fraud.
All ICOs there are almost average cheats.
But unlike the European countries that are open to ICOs, hopefully China will also open an ICO in the future with a legal body that protects its consumers.
If China wants to reconsider the opening of the ICO, then I think there should be a necessary regulatory body in order to avoid those scam icos, in China, in addition to a few projects such as NEO, there are too many icos are scams. Even so, the background from China is using local products from their own country and that is why ICO or blockchain systems are not from their own products |
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Baimovic
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September 14, 2018, 05:14:19 PM |
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I think that's a good news, because I do not trust ICO projects developed in china, but it's bad news for the pennies that will affect the price of the pennies all over the world.
I think this is normal. because even before that China had banned crypto so I wasn't so surprised by this. I don't think we need to think much because there are still many countries that support crypto. I am sure that China will eventually support crypto if crypto is increasingly accepted by the public. |
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Upercusa
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September 14, 2018, 05:17:36 PM |
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I do not understand why the authorities of different countries prohibit cryptocurrency and everything connected with it.
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lihaidong198871
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September 14, 2018, 05:30:53 PM |
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I don't know how authentic this news is well if it true I think it's a big lose for citizen of China who are actively involved in cryptocurrency I really hope the government have a change of heart
It does not actually matter if china banned icos because bitcoins still managed to reach $19k dollars before the year ends and that is the reason why you should invest today even though the market prices are dropping. If China does not ban Bitcoin and crypto, I think Bitcoin will easily reach $ 20,000 faster than ever. In addition, I think the Chinese government is forbidden to lose the money they invest in the ICO, they are introducing the law to the crypto |
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evichi
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September 14, 2018, 06:07:14 PM |
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This news was made about one year ago (2017-09-04). Though not sure if it is genuine. However, considering the growth of bitcoin last year, then, I don't think the news affected the growth of bitcoin. The letter head of the manuscript of the news shows that it is Bank of China. It is obvious government banking may not like cryptocurrency growth (personal opinion). The philosophy behind the invention of bitcoin is: 'Be Your Own Bank'. Though we all have various reasons why we are into cryptocurrency. Bitcoin have advantages and disadvantages, but I think the advantages outweighs its disadvantages.
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▬▬▬▬[ CHAIN JOES || THE FUTURE OF WEB3 GAMING ]▬▬▬▬▬
CHAINJOES.COM |
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Haynes
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September 21, 2018, 11:56:22 AM |
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In my opinion, this is not a problem.
Chinese investors can also make ICOs in their chosen countries such as Estonia, Malta and Singapore.
Cryptocurrency is Digital ,so everything Gonna be OK .
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yayat
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October 05, 2018, 02:13:44 PM |
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I do not understand why the authorities of different countries prohibit cryptocurrency and everything connected with it.
Because the price of up and down cryptocurrency is uncertain. While the government and financial institutions need certainty in order to manage their finances for the future. If it is profitable then it is good for the country and if it loses it is a sadness for the country. |
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nikitakittt
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October 05, 2018, 02:40:38 PM |
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This is not surprising, in China, very strict laws and what can I say, even if they have the Internet under strong censorship
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Robert de Crypto
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October 05, 2018, 02:49:45 PM |
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I understand what they made the decision. In fact, ICO has no protected to the investor. The regulation is needed to collect the money. I know it's against the spirit of the Bitcoin philosophy. But, the world is changing. If I am an investor, I want a protection for my fund. I believe the cryptocurrency will find the way.
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Sissebrahima
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October 07, 2018, 08:14:09 AM |
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The Chinese are smart and rational state managers, so they know how to behave with cryptography. I think the Chinese government is trying to protect its people from fraud in general and fraud from ICO in particular. They do not want a decentralized system, no matter what China is a communist state.
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aces777
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October 09, 2018, 12:43:13 PM |
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It is no surprise to see that they have banned them in china. Just the sheer amount of the scam coins that are coming into the market on a weekly basis is alrming and if something is not done to stop them then they will keep growing until it gets to a point where no one is willing to invest in any of the coins again which would mean that the icos will die out.
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