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Author Topic: Regards on the ICO BAN  (Read 390 times)
puremage111
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September 04, 2017, 11:53:50 AM
 #1

Alright, so we all know that, no more ICO for china anymore as country has banned any form of ICO activity to crowdfund.

In this point

1)What happens to previous project who did raised and already operates their project after the ico?

2)In a very special case, disregards if a project does not require KYC for the ICO participation, people can still participate in the ICO right?

3)If they can't participate in the ICO, can they purchase the token from exchange after the ICO?

Thanks

Market is already on price correction  + Bearish momentum, this ICO news just hit on the market hard

Resulting almost a $20  Billion drop in Total marketcap of all coins


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September 06, 2017, 02:40:51 AM
 #2

The problem is not only on the issuer level but also on the Chinese exchange level. The Chinese government can pressure all the exchanges operating in China to delist all ICO coins or they will be forced to close their exchange.

Without any exchanges trading ICO coins how will the issuer make his project adopted now? It is good to avoid holding them until there regulations for them.

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September 06, 2017, 03:11:22 AM
 #3

Alright, so we all know that, no more ICO for china anymore as country has banned any form of ICO activity to crowdfund.

In this point

1)What happens to previous project who did raised and already operates their project after the ico?

2)In a very special case, disregards if a project does not require KYC for the ICO participation, people can still participate in the ICO right?

3)If they can't participate in the ICO, can they purchase the token from exchange after the ICO?

Thanks

Market is already on price correction  + Bearish momentum, this ICO news just hit on the market hard

Resulting almost a $20  Billion drop in Total marketcap of all coins

The drop is rather huge. The effect from this chinese change of path at this stage is really bad. Very bad to the crypto prices that would surely affect so many traders around the world. I hope the chinese government will realize later on or even sooner that the chinese people are really supporters of cryptocurrencies and that they do not need to ban every ICO. A strict regulation is much better but not a total ban.


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September 06, 2017, 03:12:44 AM
 #4

Although China forbids ICO, but there are still many other countries that are investors, this may not be very influential

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September 06, 2017, 04:04:01 AM
 #5

Although China forbids ICO, but there are still many other countries that are investors, this may not be very influential
The Chinese government can not supervise all its people to become Investors, this will be fine. and ICO will not be disturbed. Investor traffic in the crypto world can not be dammed and China has tried to stop it. hopefully there is a new regulation this week so that China can compete with other countries such as US.

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redboss
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September 07, 2017, 05:31:35 PM
 #6

Coindesk has a great analysis and prediction about ETH current price

DimaZ88
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September 07, 2017, 06:28:18 PM
 #7

From what I understand this isn't a total ban. They've deemed ICO's illegal but haven't enacted any new laws, simply reinterpreted current ones. As long as an ICO can prove its legitimacy plus practices KYC protocols and screens for accredited investors, people in China can still invest.
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