ICO is officially banned in China !!!

[phucdigan]

Marinecoin - MTC. The first Dev-less self-sustaining Crypto-Currenncy Artificial Intelligence Machine to Machine payment network Artificial intelligence what is AI.
Well Marinecoin has a ico where you can earn up to 20.000 MTC simply by following all of the steps specified. And then javis AI will analyse the applications for proof of promotion to make sure only genuine applicants receive the ico.

Marinecoins block chain is 500% faster that Bitcoin Which offer fast secure transactions. It is also eco friendly because it uses very little energy MTC also has its own exchange which is safe and secure.
MTC is dev less no need for miners  which leaves the community in control of the future MTC.

So come and join the MTC community https://marineco.in And remember Javis Artificial Intelligence  is checking for proof of promotion which only exits with Marinecoin.

Be part of the future technology which only exits with Marinecoin. Marinecoin is a safe long term investment because: Marinecoin ecosystem is designed to be able to protect itself.
Marinecoin is the crypto currenncy of the future where javis artificial intelligence  will set the standard for all crypto currenncy.
Marinecoin the first Dev-less  self-sustaining Crypto-Currenncy Artificial Intelligence Machine to Machine payment network.

[paul.sander]

its just a mess because china has a large population

[kynghihe]

Cryptocurrency had been on a one way street up.  All markets go up and down.  The big players every so often clean the ranks of small fish out.  Most just hodl and pray and end up at the bottom with junk coins.  Experienced traders always set a point where they stop any further losses so they can play again at a later date when conditions are more favorable.  Most new crypto people aren’t traders and had never seen corrections in the market.  Big money came into crypto last fall.  They are collecting profits and reloading for the next pump and dump.  That is basically how all markets work.  Only real way to survive is get in real early before prices rise so that regardless of what the market does you are at the bottom so will be in good shape.  That is what I have been looking for lately.Marinecoín's ico is ongoing currently. They have mechanisms designed in to stop pump and dump as typical in ico’s.  They are using time dilution technology to fairly distribute their coin, .MTC., to as many as are willing to promote it a bit.  20,000 .MTC. per artificial intelligence assigned promotion tasks.  Great way to get in early with significant amounts of .MTC..  This will build a strong community to back the coin because everyone has a vested interest.  value - iot - zero fees - Learn more here marine co/in

[Bren Briones]

Is this news legit? Shall we see it broadcast in international news agencies? Because I think maybe Bitcoin and other crypto currencies are a very hot and entertaining topic. If it's true , then it is a sad story, but untill then, let's just wait for the official announcement.

[UAE Seasider]

Chinese citizens have been excluded from participation in ICO for some time now so essentially it is old news rehashed. If you look at all the ICO whitepaper or Terms and COnditions they will explicitly state that it is not available to Chinese or US citizens.

[wilsonwilly1]

As i remember this is a fake new, China had suspended for a while the ICO investment since a lot people were cleaning their dirty money into them, and when they had took this position bitcoin exchanges as well mining companies were worryed with the future as the ban could affect all of them. The only thing had made were turn those companies working without  a license a bit more secure with the legalization of their business.

[Hotrod_88]

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。

Oh my goodness is that true? Even if so i am lucky that i wasn't living in china because joining icos investing in them and doins work with some bounties they got is what i am doing in order gain profits in here. Maybe the Chinese banned it becausethere are a lot of complaints about scams because recently i get scammed in an ico which is savedroid which kinda suchs but that is the thing in here that is the risk but i wanted to sue all of them though but i cant because i am just a normal peson.

[priasmoro]

Chinese country is the most complicated and many rules, I'm not sure this rule will make chinese people stop making coin (ICO). Chinese people are so creative, so even though in banned they will continue to work because this is profitable.

China is a country that has grown and will dominate the international market, China has already seen the results of bitcoin and they are very eager to carry bitcoin, if not wrong China already holds a few percent bitcoin.
and be very careful when china has full hold of bitcoin.
maybe later there will be more besides bitcoin which will be controlled by china.

[tayogpanganiban]

China banned ICO's because they want to protect their people to get fraud or  to be scam.NOt all ICO's are scam,there are ICo's that has also good and give a good profit.

[LeaderAMB]

Nowadays, there are many Chinese ICO projects and scam rates are very high. I think China has done the right thing. If the ICO of China continues to grow, so many people will have to lose money for ICO scam

Yes their government has done the right thing to protect their people however totally banning ICO is not a good thing to do. Not all the ICO are scam there are so many projects that can bring a lot of advantages to the community. The alternative way is to make a strict regulation about that and maybe create a department to keep an eye on those investments.

Yeah, i searched some news on the weibo , they are drastically against Bitcoin , they don't accept Bitcoin in their method payment, investment market or even holding , storing , mining purpose also. This is really a disaster move of China in their crypto market industry.

This is really bad, i couldn't believe that China finally did this you know what majority of miners come from that country so whatever happens out there it will affect the industry.

I’ve heard that ICO is not official banned  in China, it’s just temporary. But if this is official, maybe it’s really a bad new ever. It takes a huge impact to the value of crypto market. As you know that China is one of the big countries where gathers so many investors. China government hold their strict rugulation to take bitcoin out of the world, and this is crazy thing. Maybe some Chinese meet difficulties in do investing.

[Koluchka]

China has enacted a major clampdown on how citizens can legally access and trade cryptocurrency in the past six months.

September saw the second exchange shutdown of 2017 become a permanent moratorium on crypto-to-fiat platforms, with lawmakers signaling earlier this month they would seek to end “centralized” exchange activities altogether.

September also saw a sudden halt on ICOs, with projects which had already accrued funds but not launched tokens being obliged to return investments.

Against the current backdrop of additional clampdowns on mining activity in China, Yang’s words thus appear surprising.

While confirming over-the-counter and overseas exchanges “would be strictly regulated,” local news outlet 8btc reports that Yang added that the remedial regulatory climate in China was ostensibly meant to weed out “bad” ICO projects to allow bonafide offerings to flourish.

[Mersterious]

Investors into ICOs must take full responsibility into their actions (that is to say, if you lose your assets through such "investment", no laws would protect you)

[KingScorpio]

Investors into ICOs must take full responsibility into their actions (that is to say, if you lose your assets through such "investment", no laws would protect you)

jes but also the ico companies wont have any protection, imagine iota, and its recently revealed iota charging gas stations, without a law.

[Zahrowil Qolbi]

there are still many countries that allow ico, we need not worry. may ico not belong to them because china want to promote their ico project than others ico is very messy because they know so many scams so they know they dont want ico

[DonateBB]

Yes, because the ICO is a latent place for scam criminals, they are likely to be good for the market today, and I hope governments will tighten on the ICO. There are rules for ICO projects now.

[pthnmj]

What I understand,  China didn't ban ICO. They banned fundraising using cryptos as it has become a major problem. Companies investing in cryptos in China have made close to $400 million doing this.

[nygaar]

A prominent committee led by China's central bank recently announced an immediate ban on ICO funding, which has badly affected the economic and financial order. The committee has prepared a list of 60 exchanges which will be subject to proper inspection and also report.

[PatronRH]

Oh that is so unfortunate. It will definitely will have a really bad effet on cryptocurrency and it will cause the demand to go down so is the price of bitcoin and every other cryptocurrency.

[naldal kaka25]

What kind of participation/impact does China have on ICOs right now? Not sure if that's a fair question, but on average, what % of investors of an ICO are coming from China?

[lissa brak]

Bitcoin has got regulated and not banned. This doesn't lead the market downtrend, several countries have the same issue of regulating the ICO to have a perfect growth. Even in a recent meeting Russian economic minister stated that it's a must to regulate and use, because those icos play a major role in the upcoming startup growth and entrepreneurship.