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Author Topic: China just killed the ICO market. Which ones are Chinese?  (Read 5363 times)
Fatoshi (OP)
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September 04, 2017, 08:59:07 AM
 #1

Can we compile all the major Chinese ICOs that will be affected by this at least temporarily.

only ones I know for sure are NEO.and Walton.
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September 04, 2017, 09:04:45 AM
 #2

You can already see the effects of the ban in the price of bitcoin an Eth. I suspect a downward trend at least for the next week or two, I fear a lot for eth.
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September 04, 2017, 09:06:17 AM
 #3

NEO, WALTON, BNB and some other coins that are listed at Binance exchange are chines in my opinion. Buy SEC compliant coins from now onwards as you should be fine

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September 04, 2017, 09:07:17 AM
 #4

What about Wanchain ICO and RedPulse ICO? Will any of them be allowed to take place?
Fatoshi (OP)
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September 04, 2017, 09:07:59 AM
 #5

You can already see the effects of the ban in the price of bitcoin an Eth. I suspect a downward trend at least for the next week or two, I fear a lot for eth.


It should really affect eth more than btc really. ETH value is largely based on demand for eth for buying into ICOs. At this point you dont want to invest in anything with even a hint of Chinese backing imo. QUANTUM looks possibly China based?
Fatoshi (OP)
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September 04, 2017, 09:10:31 AM
 #6

What about Wanchain ICO and RedPulse ICO? Will any of them be allowed to take place?


Im more worried about ones that already jave happened amd have inflated prices. Being Chinese based was the flavour of the month so projects like NEO will at least temporarily take a nose dive. Time will tell if they bounce back.
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September 04, 2017, 09:11:19 AM
 #7

NEO, WALTON, BNB and some other coins that are listed at Binance exchange are chines in my opinion. Buy SEC compliant coins from now onwards as you should be fine

Why do we need SEC compliant? This only affects Chinese ICO.
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September 04, 2017, 09:11:55 AM
 #8

Buy MAID instead. Truly decentralized, Chinese firewall resistant. But go long. They'll be worth a few dollars each this time next year... Mark my words!

would have to be brave to put crypto into china at the moment, even with the potential upside look at the risk

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September 04, 2017, 09:14:14 AM
 #9

Chinese government is scaried about people gettin rich
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September 04, 2017, 09:27:32 AM
 #10

According to the following article, they've decided to crack down on exchanges as well, which is probably the reason alts are falling so much:

https://techcrunch.com/2017/09/04/chinas-central-bank-has-banned-icos/

Quote
A notice from a committee led by China’s central bank [link in Chinese] today announced an immediate ban on ICO funding, which has “seriously disrupted the economic and financial order.”

Financial news site Caixin reported [link in Chinese] reported that the committee has prepared a list of 60 exchanges which will be subject to inspection and a report. In the meantime, there will be an ICO freeze in China.

 
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September 04, 2017, 09:36:20 AM
 #11

Is QTUM Chinese project?   or better question would be Are they based in China?

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September 04, 2017, 09:52:02 AM
 #12

According to the following article, they've decided to crack down on exchanges as well, which is probably the reason alts are falling so much:

https://techcrunch.com/2017/09/04/chinas-central-bank-has-banned-icos/

Quote
A notice from a committee led by China’s central bank [link in Chinese] today announced an immediate ban on ICO funding, which has “seriously disrupted the economic and financial order.”

Financial news site Caixin reported [link in Chinese] reported that the committee has prepared a list of 60 exchanges which will be subject to inspection and a report. In the meantime, there will be an ICO freeze in China.

Here is original Chinese language link with 60 coins listed on it.

   http://m.finance.caixin.com/m/2017-09-04/101140069.html  

Most coins writed with Chinnese language. This make me think there is no top 50 coins on this list.

Maybe someone who now Chinese can correct me.
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September 04, 2017, 10:01:19 AM
 #13

ICOs can be conducted without nationalizing or localizing.
But if Chinese authority seriously went after ICOs, China is one of the biggest market for creation and investment in ICOs.

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groko271
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September 04, 2017, 10:14:21 AM
 #14

According to the following article, they've decided to crack down on exchanges as well, which is probably the reason alts are falling so much:

https://techcrunch.com/2017/09/04/chinas-central-bank-has-banned-icos/

Quote
A notice from a committee led by China’s central bank [link in Chinese] today announced an immediate ban on ICO funding, which has “seriously disrupted the economic and financial order.”

Financial news site Caixin reported [link in Chinese] reported that the committee has prepared a list of 60 exchanges which will be subject to inspection and a report. In the meantime, there will be an ICO freeze in China.

Here is original Chinese language link with 60 coins listed on it.

   http://m.finance.caixin.com/m/2017-09-04/101140069.html  

Most coins writed with Chinnese language. This make me think there is no top 50 coins on this list.

Maybe someone who now Chinese can correct me.

Basically they are cracking down due to the criminal activity which is rife through the ICO phenomenon. Each project will be examined/scrutinised with the full weight of the law. Why they still allow trading? seems strange though.

Quote
ICO is essentially an unlawful illegal open financing, suspected of illegal fund-raising, illegal issuance of securities, illegal sale of tokens to raise funds and financial fraud, pyramid schemes and other criminal activities.
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September 04, 2017, 10:15:14 AM
 #15

I think more bad news will come from russia and asian countries especially china, and seeing the rise of us based projects will be good Smiley

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September 04, 2017, 10:31:05 AM
 #16

Love how absolutely everything panic dumps on every bit of bad news. A lot of non-ico stuff is taking a huge beating today too. And BTC also. Crypto truly is insane on so many levels. This may be a good thing in the long run, ICO insanity is over for now at least
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September 04, 2017, 10:36:29 AM
 #17

none
these chinese and korean markets are pretty much fake
these morons calling them self experts need to get their stupid head out of cow poops. korean and chinese market in this crypto world is very very small but their egos are pretty huge!

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September 04, 2017, 10:39:16 AM
 #18

Don’t be panic. Calm down. That was only a matter of time, that the Chinese are going to regulate the market. They want to get a piece of the cake, they want to get more tax. There will be an agree between the government and all the ico's in the future.
Altcoins will do further down because of all the panic sell. So time to buy in the future with low prices.

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September 04, 2017, 10:41:03 AM
 #19

In my opinion, a blockchain project shouldn't take a nationality because it will only be subjected to its laws making it censorable. My take is, NEO will surely release a statement countering the current FUD then again you go with the price.
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September 04, 2017, 10:45:23 AM
 #20

there is no projects are entirely from China. but most ICO involved chinese, like EOS, Waves, LakeBanker etc...

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