Latest news - BANNING from Russia, Korea AND China

[Boxxl]

This is some bad news for Crypto.
Not only for NEO, but also Ethereum, Qtum en others



Russia: ONLY qualified investors and not private ones.
- https://cointelegraph.com/news/suddenly-russia-plans-to-ban-cryptocurrency-sales-to-ordinary-people


Korea: ICO ban (after china)
https://www.cryptocoinsnews.com/south-korea-tightens-bitcoin-regulations-will-punish-icos-report/


China:ICO ban ( allready enough topics on this forum
https://www.cnbc.com/2017/09/04/chinese-icos-china-bans-fundraising-through-initial-coin-offerings-report-says.html


I think september will be a RED month.
I switch to USDT (it's always the same as dollar)

[headachy]

Russia won't ban crypto...Russians are crazy about crypto...they are even making their own crypto exchange in partnership with Waves.

[elc4pitan]

This is a typical move for russian investors, if this stuff is true in time we will see some whales with pockets deeper as the ocean speculating about prices.. there goes "the dream".

[Saifher]

It wont affect the general market, it'll only stop every single scam coin with nothing to show for it from raising millions of dollars so easily. Chill out and stop spreading the FUD.

[Indrawan77]

I am shocked, I think this month the alt coin price will devastated, suddenly a lot of country want to ban ICO

One side I understand that alt of ICO is used to scammed other people but this will affect the other legit ICO
At some point this can affect bitcoin price because the trading volume will be decrease

[poodle63]

It wont affect the general market, it'll only stop every single scam coin with nothing to show for it from raising millions of dollars so easily. Chill out and stop spreading the FUD.

Forget about that, this is crypto and just try to use that the coin with high privacy. We know crypto is not built by the government or financial institution. What ever they said about that and it seems the crypto will be stand till the future,

[rainbow169]

Even these news are true, short term this may have an impact but long term this could be good news for a healthy crypto market

[woas4]

Even these news are true, short term this may have an impact but long term this could be good news for a healthy crypto market

Long term this is positive i think. It means projects will need solid products and roadmaps before they are able to raise millions and millions of dollars and then stop working, lol

[Noe!]

Wow... That escalated quickly, I was thinkingh when bitcoin hit $5000 it's unstoppable. But now lil bit down. At least can buy Bitcoin cheaper than 1 week ago  

[sui_generis]

This is good news for non-scam cryptocurrencies. The sooner we can stop ICO fraud, the better for this ecosystem.

[itsonlikedonkeykong]

Thank you for aggregating all the big news into one thread.

Long-term, net positive.

[aron_folioninja]

Won't this increase the number of projects that are going to have anonymous teams? Which is a bad thing... it might funnel investors to have to start trusting more in faceless projects... just my initial thoughts anyway.

[Cipherr]

Won't this increase the number of projects that are going to have anonymous teams? Which is a bad thing... it might funnel investors to have to start trusting more in faceless projects... just my initial thoughts anyway.

Those nameless projects arent going to get investors. Would YOU send 10k to nameless nobodies with a "plan" for something?

I certainly wouldn't. People are dumb, but they aren't all THAT dumb on the whole. This should be an end result of way less scammy ICO's especially when the U.S. joins in. The crypto market will experience pullback, but it will be in a safer and healthier space in the end IMO.

[aron_folioninja]

Won't this increase the number of projects that are going to have anonymous teams? Which is a bad thing... it might funnel investors to have to start trusting more in faceless projects... just my initial thoughts anyway.

Those nameless projects arent going to get investors. Would YOU send 10k to nameless nobodies with a "plan" for something?

I certainly wouldn't. People are dumb, but they aren't all THAT dumb on the whole. This should be an end result of way less scammy ICO's especially when the U.S. joins in. The crypto market will experience pullback, but it will be in a safer and healthier space in the end IMO.

Oh yea I agree that it is dumb to do that, but it still happens and I think it will increase...

https://cryptoping.tech/

These guys raised 1000BTC and openly admitted anonymity in their project...

[electricretard]

It's raining FUD and it's only monday... Instead of panicking people should chill a bit and see what happens. Most of the time the end result is nowhere near as bad as everyone's afraid of.. and then they buy back their bags higher lol.

[DevelopmentBank]

It's raining FUD and it's only monday... Instead of panicking people should chill a bit and see what happens. Most of the time the end result is nowhere near as bad as everyone's afraid of.. and then they buy back their bags higher lol.

Agreed. Some people really just need to chill and take a seat.. To the face!

But really, so much FUD and panic. So what if China says ban ICOs? Screw them.

[左]

That's going fast all of the sudden, and I bet more countries will follow.
Kind of annoying this is happening now when btc was mooning so nicely.

[xbiv2]

China get this:

Pajeet make 100,000,000,000 coins.
Pajeet sell 1 coin for $1 to hes brother Pansun.
Now we have $100,000,000,000 capitalisation.
WOW!!!

All this ICOs is fake deals.

[bbc.reporter]

I agree that some of them are FUD. China has more pressing problems right now with North Korea planning on launching a ballistic missile with a nuclear warhead.

The application of the ban will not happen until all the laws are studied and new laws created. The Chinese government cannot do anything for now.

[desticy]

but how does so many ongoing ICO?