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Author Topic: Does China's ICO regulation affect Chines ICO investors in other countries?  (Read 392 times)
VTS
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September 04, 2017, 12:02:35 PM
 #1

Fast question:


Chinese citizens are still able to invest in ico's that are hold in other countries, right?

The news is about holding / offering ico's in china (physical address) ?

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aretebit
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September 04, 2017, 01:57:03 PM
 #2

Yes, investing is not illegal, the law they are using says:
Quote
Illegal financial business activities include: fund-raising targeting not specific objects without legal approval, or other activities that the People’s Bank of China identified as illegal.

Dirty evil government thieves: Return me my money!
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September 04, 2017, 02:01:11 PM
 #3

Fast question:


Chinese citizens are still able to invest in ico's that are hold in other countries, right?

The news is about holding / offering ico's in china (physical address) ?
the ico in China is iilegal, but it doesnt mean the investment is illegal too, and its hard to regulate the investment in other countries

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September 04, 2017, 02:08:35 PM
 #4

Quote
Illegal financial business activities include: fund-raising targeting not specific objects without legal approval, or other activities that the People’s Bank of China identified as illegal.

The "Officials" tend to rank anything as beeing illegal unless they get their own fair cut of the cake.
I'm doubting that on the investment side china even has that much of an impact. Mining yes, investments by people numbers no.
This news ranking in between "Russia banns Bitcoin" and "Russia didn't bann Bitcoin" chenanigans.

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VTS
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September 05, 2017, 04:25:56 AM
 #5

Fast question:


Chinese citizens are still able to invest in ico's that are hold in other countries, right?

The news is about holding / offering ico's in china (physical address) ?
the ico in China is iilegal, but it doesnt mean the investment is illegal too, and its hard to regulate the investment in other countries

So that said, a Chinese citizen could still run an ico if it is hold in another country? So the regulation says "icos hold in China" not Chines citizens are forbidden to run icos? Just to clarify...

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