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Author Topic: Effects of ICO ban in China  (Read 8766 times)
_Dawid_
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October 04, 2017, 09:02:11 PM
 #401

China lately makes Bitcoin more legal so maybe to crypto currencies will not happen too much, but for sure will happen a lot of to ICO's.
The successful ICO's should refund people's money if only they want it.
For goverments maybe yes if they do that. But for people not really.


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October 04, 2017, 09:22:29 PM
 #402

It is not good to see that China bans and crack down on Bitcoin.
Bad for the business!
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October 05, 2017, 12:38:14 AM
 #403

There are rumors that China will announce its regulations around October 10th.
I hope, Korean ban should be resolved soon after this https://t.me/yoken/14
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October 05, 2017, 03:02:44 AM
 #404

I personally do not see any consequences from the prohibitions of ICO in China. These campaigns were both conducted and conducted. The choice is also quite large. As for the quality of the current campaigns, it is difficult for me to judge, we need an overview for this. Therefore, in my opinion, the ban in China ICO did not affect their current conduct.

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October 05, 2017, 04:44:49 PM
 #405

I personally do not see any consequences from the prohibitions of ICO in China. These campaigns were both conducted and conducted. The choice is also quite large. As for the quality of the current campaigns, it is difficult for me to judge, we need an overview for this. Therefore, in my opinion, the ban in China ICO did not affect their current conduct.

You say that cause you're smart. But the majority of investors is emotional and very sensitive to FUD, so it will always have its effects. But, as I always say, the smart hands pick up what the weak hands drop

CHANGE — First Decentralised Global Crypto Bank | ICO | DISCUSSION
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October 05, 2017, 05:04:48 PM
 #406

What do you think will happen to crypto currencies following the latest news on the #ban on ICO in China?

will the already successful ICO's refund people's monies to them?

Is it good for governments to ban the use of crypto currencies?


Tell me what you think about any of these.  Smiley
The prices will rise as people got scared and they started dumping and this eventually resulted in a market crash. And a few days later prices started to recover and the market prices are back on ,baby! ICO bans will be a thing in the future that countries will be doing just because of icos scamming people or some other excuse that causes people to lose their money.





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ongahawak
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October 05, 2017, 05:45:52 PM
 #407

Well, that would only affect in the start.. For sure few more days, weeks, or months just like what happened in btc, it will bounce back again and would be able to raised more funds for their project. We will become succesfull without them. China is just one compared to many of us and for sure there will be one country that will step up and replace them, it's either US or Japan..

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October 06, 2017, 04:37:24 AM
 #408

The effects are massive IMO. It preceded and started the whole dip in price, I doubt that the price would be where it is now, without the China ICO ban. The thing is that it has also taken although coins with it.It might take a while to recover, but the price will surely rebound.


with the prohibition of bitcoin in china, it greatly affects the fall in bitcoin prices, but not permanently the bitcoin price falls. now we have seen that bitcoin has climbed back, it proves that bitcoin is not easy to destroy.

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October 06, 2017, 05:05:41 AM
 #409

The effect of china is over now and now china start again with regulations and it will start going upward. China wants to regulate its market and now regulations comes and everything is ok now.

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October 06, 2017, 10:47:05 AM
 #410

I see more people switching to decentralized exchanges. Nobody can stop cryptocurrency.
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October 06, 2017, 06:56:56 PM
 #411

China released a statement saying they're gonna have a zero tolerance policy towards crypto crimes, which means they're gonna regulate it, which means both the exchanges and ICO's will become completely legal again soon.

CHANGE — First Decentralised Global Crypto Bank | ICO | DISCUSSION
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October 08, 2017, 09:20:58 PM
 #412

China released a statement saying they're gonna have a zero tolerance policy towards crypto crimes, which means they're gonna regulate it, which means both the exchanges and ICO's will become completely legal again soon.
most of the regulation with recent updates had help some price increase.


 
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October 08, 2017, 09:32:58 PM
 #413

China released a statement saying they're gonna have a zero tolerance policy towards crypto crimes, which means they're gonna regulate it, which means both the exchanges and ICO's will become completely legal again soon.
most of the regulation with recent updates had help some price increase.

exactly they basically said chinese people could invest again, be it with tighter laws

CHANGE — First Decentralised Global Crypto Bank | ICO | DISCUSSION
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October 10, 2017, 06:03:11 AM
 #414

China released a statement saying they're gonna have a zero tolerance policy towards crypto crimes, which means they're gonna regulate it, which means both the exchanges and ICO's will become completely legal again soon.

this sounds good, I think controlling ICO and exchanger with regulation would be better than banning it. by controlling it, I think it will benefit all parties, be it the organizers of ICO, investors, or government.

may i know the source of that information friend?

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October 10, 2017, 06:09:08 AM
 #415

This is BS talking on zero-crime tolerance.
They just wanted to stop the capital flowing out of China.
Participations in ICO was a great way for locals to get their funds out of China.
That's the way China also "fight" with local BTC exchanges with all this warnings, shut-downs, regulations, and all this soap opera drama. Bitcoin was easy way to get money out of Chinese banking system.
Amen. Smiley

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October 10, 2017, 11:17:39 AM
 #416

This is BS talking on zero-crime tolerance.
They just wanted to stop the capital flowing out of China.
Participations in ICO was a great way for locals to get their funds out of China.
That's the way China also "fight" with local BTC exchanges with all this warnings, shut-downs, regulations, and all this soap opera drama. Bitcoin was easy way to get money out of Chinese banking system.
Amen. Smiley


the reason behind it doesn't matter in the long haul, but you might be right, yes. The only thing that matters to me is that chinese money can flow back in

CHANGE — First Decentralised Global Crypto Bank | ICO | DISCUSSION
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October 10, 2017, 11:20:53 AM
 #417

China released a statement saying they're gonna have a zero tolerance policy towards crypto crimes, which means they're gonna regulate it, which means both the exchanges and ICO's will become completely legal again soon.

this sounds good, I think controlling ICO and exchanger with regulation would be better than banning it. by controlling it, I think it will benefit all parties, be it the organizers of ICO, investors, or government.

may i know the source of that information friend?

https://www.cryptocoinsnews.com/china-calls-for-zero-tolerance-on-crypto-crime-hints-at-licensed-bitcoin-exchanges/

CHANGE — First Decentralised Global Crypto Bank | ICO | DISCUSSION
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October 10, 2017, 11:56:36 AM
 #418

You have seen the effects of the banning of ICO in China, many users have panicked and sold their bitcoin resulting the price to drop. But it did not last long. Right now, bitcoin has already recovered and is already back on track. It is quite a good decision for china to ban bitcoins because it can regulate and avoid so many ICO scams.


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October 10, 2017, 11:37:04 PM
 #419

China released a statement saying they're gonna have a zero tolerance policy towards crypto crimes, which means they're gonna regulate it, which means both the exchanges and ICO's will become completely legal again soon.

this sounds good, I think controlling ICO and exchanger with regulation would be better than banning it. by controlling it, I think it will benefit all parties, be it the organizers of ICO, investors, or government.

may i know the source of that information friend?

https://www.cryptocoinsnews.com/china-calls-for-zero-tolerance-on-crypto-crime-hints-at-licensed-bitcoin-exchanges/

Ok, thanks friends, this is very good information and useful for me. May regulation have a good impact on the world of crypto

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October 10, 2017, 11:50:28 PM
 #420

ICOs will be re-instated, they will most likely run off of NEO platform as they have been working with the regulator. After the election this month expect to see a lot more china crypto-currency news, most likely re-instated platforms.

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