ICO is officially banned in China !!!

[Quantor Blockchain]

It's not a bad idea due to lack of proper regulation. But how many really good startups will blow away because of that?

[1713568585]

1713568585

[BitcoinIsAlgebraic]

Honestly I don't think this is a bad thing I normally don't agree with China on a lot of things but ICOs are nearly always scams as well as a very easy way for money laundering which should be regulated.

[Takibudet]

Nothing unusual. they always forbid something, and then they allow it.
https://tokensale.crypterium.io/?ref=e1dfbc32baa42ba182494572

[jasondublinkun]

I heard some rumors that it's coming back soon. Anyone confirms?

[_noname_]

I heard some rumors that it's coming back soon. Anyone confirms?

indeed and these news are now old but i want to explain some interesting that bitcoin is decentralized currency and no one can affect their price so you can see example of china they have banned ICO but the price of bitcoin have not feel any affect and the price is increased from the rate at which the china has banned ICO

[Falgorn]

Recently, the Chinese government has considerably softened its attitude to the crypto currency and the stock exchange, trading in crypto currency, gradually began to open. We can say that China's attempt to limit or ban the circulation of the crypto currency has completely failed. Therefore, we should expect that with the ban on holding an ICO there will be some kind of relief. Most likely, ICO will be allowed under the control of state bodies. In general, such control is positive, provided there are no unnecessary restrictions.

[Marucya]

Recently, information began to appear about that. that some Chinese stock exchanges began to again trade in a crypto currency and that the trade in crypto currency will soon resume in full. If this happens, then the next step should be to authorize an ICO, even if it is regulated by the state authorities, as it was planned earlier. We hope that China will again return to the crypto currency market.

[splat44]

Recently, information began to appear about that. that some Chinese stock exchanges began to again trade in a crypto currency and that the trade in crypto currency will soon resume in full. If this happens, then the next step should be to authorize an ICO, even if it is regulated by the state authorities, as it was planned earlier. We hope that China will again return to the crypto currency market.

Some Governments “financial institution,” MSBs are required to comply with Bank Secrecy Act laws and regulations, including AML (Anti-Money Laundering) requirements. They also need to comply with KYC (Know Your Customer) rules. i would love to see all ICO will regulate this rule.

[rudddenko.marina]

Breaking news!

ICO is officially banned in China!

Here is the joint announcement from The People 's Bank of China, Central Network Office, Ministry of Industry and Information Technology, State Administration for Industry and Commerce, China Banking Regulatory Commission, SFC, CIRC: http://www.pbc.gov.cn/goutongjiaoliu/113456/113469/3374222/index.html

-----------------------------

近期，国内通过发行代币形式包括首次代币发行（ICO）进行融资的活动大量涌现，投机炒作盛行，涉嫌从事非法金融活动，严重扰乱了经济金融秩序。为贯彻落实全国金融工作会议精神，保护投资者合法权益，防范化解金融风险，依据《中华人民共和国人民银行法》、《中华人民共和国商业银行法》、《中华人民共和国证券法》、《中华人民共和国网络安全法》、《中华人民共和国电信条例》、《非法金融机构和非法金融业务活动取缔办法》等法律法规，现将有关事项公告如下：

一、准确认识代币发行融资活动的本质属性
代币发行融资是指融资主体通过代币的违规发售、流通，向投资者筹集比特币、以太币等所谓“虚拟货币”，本质上是一种未经批准非法公开融资的行为，涉嫌非法发售代币票券、非法发行证券以及非法集资、金融诈骗、传销等违法犯罪活动。有关部门将密切监测有关动态，加强与司法部门和地方政府的工作协同，按照现行工作机制，严格执法，坚决治理市场乱象。发现涉嫌犯罪问题，将移送司法机关。
代币发行融资中使用的代币或“虚拟货币”不由货币当局发行，不具有法偿性与强制性等货币属性，不具有与货币等同的法律地位，不能也不应作为货币在市场上流通使用。

二、任何组织和个人不得非法从事代币发行融资活动
本公告发布之日起，各类代币发行融资活动应当立即停止。已完成代币发行融资的组织和个人应当做出清退等安排，合理保护投资者权益，妥善处置风险。有关部门将依法严肃查处拒不停止的代币发行融资活动以及已完成的代币发行融资项目中的违法违规行为。

三、加强代币融资交易平台的管理
本公告发布之日起，任何所谓的代币融资交易平台不得从事法定货币与代币、“虚拟货币”相互之间的兑换业务，不得买卖或作为中央对手方买卖代币或“虚拟货币”，不得为代币或“虚拟货币”提供定价、信息中介等服务。
对于存在违法违规问题的代币融资交易平台，金融管理部门将提请电信主管部门依法关闭其网站平台及移动APP，提请网信部门对移动APP在应用商店做下架处置，并提请工商管理部门依法吊销其营业执照。

四、各金融机构和非银行支付机构不得开展与代币发行融资交易相关的业务
各金融机构和非银行支付机构不得直接或间接为代币发行融资和“虚拟货币”提供账户开立、登记、交易、清算、结算等产品或服务，不得承保与代币和“虚拟货币”相关的保险业务或将代币和“虚拟货币”纳入保险责任范围。金融机构和非银行支付机构发现代币发行融资交易违法违规线索的，应当及时向有关部门报告。

五、社会公众应当高度警惕代币发行融资与交易的风险隐患
代币发行融资与交易存在多重风险，包括虚假资产风险、经营失败风险、投资炒作风险等，投资者须自行承担投资风险，希望广大投资者谨防上当受骗。
对各类使用“币”的名称开展的非法金融活动，社会公众应当强化风险防范意识和识别能力，及时举报相关违法违规线索。

六、充分发挥行业组织的自律作用
各类金融行业组织应当做好政策解读，督促会员单位自觉抵制与代币发行融资交易及“虚拟货币”相关的非法金融活动，远离市场乱象，加强投资者教育，共同维护正常的金融秩序。

WOW! Well, of course we could expect it.

[rudddenko.marina]

Recently, information began to appear about that. that some Chinese stock exchanges began to again trade in a crypto currency and that the trade in crypto currency will soon resume in full. If this happens, then the next step should be to authorize an ICO, even if it is regulated by the state authorities, as it was planned earlier. We hope that China will again return to the crypto currency market.

Is everything depend on government?

[DassKass]

Chinese regulators have a history of stepping in, slowing things down and then stepping back.
So no shock

[peach56]

Another very aggressive move by the Bank of China but also their government. Once again displaying classic censorship in fear of their citizens making money on ICO's instead of going through their own centralised channels.

[jamessss.brown]

Maybe, they think that it will influence badly for people...

[xanxus.kun]

well I can't blame them, after all there are lots of scam ico popping out nowadays, I think its a good move that Chinese Government  banned it, protecting their people from scammers.

[ridho002]

Perhaps it has been the policy of China for its people not to fall into ICO cheating, China is the country that quickly responds to it all.

[Clement Kaliyar]

Many countries are coming out to curb the billion dollar ICO industry and even though they are trying to ban these sort of crowd funding majority of the ICO funding are still coming from Asian countries,even if they ban these sort of funding,people will always find a way to keep the ball running and there is nothing they can do about it.

[nutildah]

I recently got back from Shanghai and from the looks of it, most information about bitcoin is being censored completely in China. Couldn't connect to this forum, my blockchain.info wallet, or visit other BTC-related websites (not to mention couldn't use Google or Facebook, but that's not as surprising).

I could access the forum using a Tor browser... but something fishy was definitely going on with my computer while I was there.

I forgot to try to look up Tiananmen Square on Wikipedia when I was there, just for the lulz....

[bncbnc]

I recently got back from Shanghai and from the looks of it, most information about bitcoin is being censored completely in China. Couldn't connect to this forum, my blockchain.info wallet, or visit other BTC-related websites (not to mention couldn't use Google or Facebook, but that's not as surprising).

I could access the forum using a Tor browser... but something fishy was definitely going on with my computer while I was there.

I forgot to try to look up Tiananmen Square on Wikipedia when I was there, just for the lulz....

Interesting, its mean that still people may be using bitcoin using through through different softwares. i am sure that the bane on ICOS and other altcoin will be temporary and very soon they are going to release the bane from bitcoin and people will once again start using bitcoin as they were in future. In fact crypto currency is the future of the world and every country has to accept that fact.

[bololord]

Breaking news!

ICO is officially banned in China!

Here is the joint announcement from The People 's Bank of China, Central Network Office, Ministry of Industry and Information Technology, State Administration for Industry and Commerce, China Banking Regulatory Commission, SFC, CIRC: http://www.pbc.gov.cn/goutongjiaoliu/113456/113469/3374222/index.html

-----------------------------

近期，国内通过发行代币形式包括首次代币发行（ICO）进行融资的活动大量涌现，投机炒作盛行，涉嫌从事非法金融活动，严重扰乱了经济金融秩序。为贯彻落实全国金融工作会议精神，保护投资者合法权益，防范化解金融风险，依据《中华人民共和国人民银行法》、《中华人民共和国商业银行法》、《中华人民共和国证券法》、《中华人民共和国网络安全法》、《中华人民共和国电信条例》、《非法金融机构和非法金融业务活动取缔办法》等法律法规，现将有关事项公告如下：

一、准确认识代币发行融资活动的本质属性
代币发行融资是指融资主体通过代币的违规发售、流通，向投资者筹集比特币、以太币等所谓“虚拟货币”，本质上是一种未经批准非法公开融资的行为，涉嫌非法发售代币票券、非法发行证券以及非法集资、金融诈骗、传销等违法犯罪活动。有关部门将密切监测有关动态，加强与司法部门和地方政府的工作协同，按照现行工作机制，严格执法，坚决治理市场乱象。发现涉嫌犯罪问题，将移送司法机关。
代币发行融资中使用的代币或“虚拟货币”不由货币当局发行，不具有法偿性与强制性等货币属性，不具有与货币等同的法律地位，不能也不应作为货币在市场上流通使用。

二、任何组织和个人不得非法从事代币发行融资活动
本公告发布之日起，各类代币发行融资活动应当立即停止。已完成代币发行融资的组织和个人应当做出清退等安排，合理保护投资者权益，妥善处置风险。有关部门将依法严肃查处拒不停止的代币发行融资活动以及已完成的代币发行融资项目中的违法违规行为。

三、加强代币融资交易平台的管理
本公告发布之日起，任何所谓的代币融资交易平台不得从事法定货币与代币、“虚拟货币”相互之间的兑换业务，不得买卖或作为中央对手方买卖代币或“虚拟货币”，不得为代币或“虚拟货币”提供定价、信息中介等服务。
对于存在违法违规问题的代币融资交易平台，金融管理部门将提请电信主管部门依法关闭其网站平台及移动APP，提请网信部门对移动APP在应用商店做下架处置，并提请工商管理部门依法吊销其营业执照。

四、各金融机构和非银行支付机构不得开展与代币发行融资交易相关的业务
各金融机构和非银行支付机构不得直接或间接为代币发行融资和“虚拟货币”提供账户开立、登记、交易、清算、结算等产品或服务，不得承保与代币和“虚拟货币”相关的保险业务或将代币和“虚拟货币”纳入保险责任范围。金融机构和非银行支付机构发现代币发行融资交易违法违规线索的，应当及时向有关部门报告。

五、社会公众应当高度警惕代币发行融资与交易的风险隐患
代币发行融资与交易存在多重风险，包括虚假资产风险、经营失败风险、投资炒作风险等，投资者须自行承担投资风险，希望广大投资者谨防上当受骗。
对各类使用“币”的名称开展的非法金融活动，社会公众应当强化风险防范意识和识别能力，及时举报相关违法违规线索。

六、充分发挥行业组织的自律作用
各类金融行业组织应当做好政策解读，督促会员单位自觉抵制与代币发行融资交易及“虚拟货币”相关的非法金融活动，远离市场乱象，加强投资者教育，共同维护正常的金融秩序。

So what! bitcoinn price can increase even without china! Now letseee the value of bitcoin now ! I think china will regret in the future but because of china some investor or some rich people have encourage to invest more so thats why the value of bitcoin now is still increasinb.

[anglivia]

Did anyone hear about the rumour for ICOs to be allowed in China on NEO?