ICO is officially banned in China !!!

[shinjunobi09]

Wow! with this, it would really affect the current market value of bitcoin in our today because primarily ICO's plays a huge part of the bitcoin role in our world today one reason is that they are on the same boat, both of them are part of the cryptocurrency world so if anything would happen to the other one it is probably gonna have an effect on both of them. Also, as we all know ICO's are one of the major contributors to bitcoin's demand one reason is that some or most of them used bitcoin for paying their people here in their signature campaign.

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[ace4549]

In my own opinion, China my have seen some problems that's why they have banned ICO's in their place. But it's their place anyway. Its their rules. Let's just hope that ICO's wouldn't be banned in our country.

[Bytem3]

Looks like ICO fever is back!
https://coincodex.com/article/1233/has-ico-fever-returned/

[yayabtc]

i presume we should consider continue to invest in solid ICO to create a profitable dynamic of turn over of our crypto currencies

[arvindjais1234]

How does banning ICOs in China will give benefits to stop frauders?

[qurrex]

ICO Qurrex no one will banned.  Qurrex - The First Ecosystem for Social and Professional Trading and Investing in Crypto Assets oriented towards a wide range of end users: from nonexperienced individuals, individual traders to large brokers and institutionalized investors.


https://qurrex.com/

[shafi alam]

ICO Qurrex no one will banned.  Qurrex - The First Ecosystem for Social and Professional Trading and Investing in Crypto Assets oriented towards a wide range of end users: from nonexperienced individuals, individual traders to large brokers and institutionalized investors.


https://qurrex.com/

Maybe you do not saw the post title or the post .
the post about Chinese ico . china banned there all ico's , and never will come from china. 

[Winner]

How does banning ICOs in China will give benefits to stop frauders?

There is no benefits, the whole point is to make it look pretty to be negative about Bitcoin. They could make it legal someday.

[leath08]

This could be better for Bitcoin? there are to many scam coins out there, i do believe they need to be regulated

[neerup]

this is insane, but i do agree it does all need to be regulated

[nalinpuri]

ICO are a bad idea and most of them are either scams or leave the investor with the same result.Investors lose their hard earned money on the scam ICOs. So it a nice step taken by Chinese Government. 

[cryptojohnstone]

The government don’t like the amount of large profits that have been made.

[damrianto]

the ban is issued because the Chinese bank has asserted that ICO has committed many violations, fraud and illegal fundraising.
the bank also informed that ICO has disrupted the economic and financial order of the people of China. but this is just a kind of ban only the entire people of China may not be able to stop using bitcoin .. because ICO is where they get money faster ..

[al.nechiporuk]

I think it's not for long. High-ranking people in China's policy support cryptocurrencies, there is an interview. Therefore, the adoption of a crypto currency is a matter of time.

[crypto mania]

This is nothing new that regulations are coming to the crypto world especially to ICO's. There is and was so many scam ICO that I'm not surprised that few countries begin to keep eye on them. Especially China where 80% of new ICO started in the last few months. They are known for biggest involvement in mining and all other crypto related businesses. Don't understand why they banned ICO's permanently? This is very good opportunity for honest projects to get funded and start. I was sure that they will only regulate ICO adding KYC check and other restrictions. Now they are losing a lot of money which could be made in the future from taxes and other sources.

[Direwolve735]

the ban is issued because the Chinese bank has asserted that ICO has committed many violations, fraud and illegal fundraising.
the bank also informed that ICO has disrupted the economic and financial order of the people of China. but this is just a kind of ban only the entire people of China may not be able to stop using bitcoin .. because ICO is where they get money faster ..

ICO are used to raise funds, and like any fundraising strategy, they are abused. Yes, this is not a shortage of the technology itself, but noone has had time to develop standards for ICO, so the countries protect investors and their perceived economic interests as they can. This prohibition affected directly only the inhabitants of China. In the global market this did not affect, as some technologies, the development of which is exponential, can not be stopped. Neither regulation nor social resistance will stop this progress - it will continue as long as it ensures the advantages of price and convenience, and until people's confidence is exhausted.

[chengyinoing01]

I don't think that China has anything to do with the encryption market, but the price of this market has fluctuated greatly after the news, and it has recovered after a period of time.

There are many countries in the world that welcome ICO, and there is no way for a Chinese market to completely ban the ICO.

[Wendigo]

Good riddance! Now that Facebook and Google are putting a stop to the ICO ads as well I am finally free from reading about these useless run-of-the-mill-not-good-for-anything coins on a daily basis. ICO's are pure scam projects whose big promises for changing the world go up in smoke not long after the 'devs' have completed their investment quota.

[Satish147]

This was happened few months back but however the recently appointed Governor or chair person of PBOC having positive view on digital currencies. And not only that they are trying to create a new digital currency .

[romandos86]

If this information is truth i guess all crypto market of China migrate to the Hong Kong, because they have another government