Chinese government banned all of ICOs

[ridwan99]

Yeah this is a great crisis for all.And I think that it is not good for all of us to experience this.This is not good in crypto community. I hope the price of bitcoin will recover.

But the Chinese community is really vital in crypto space so hopefully they find other means on how to deal their cryptocurrency investments.

[tanjilrifat]

It is just the ICOs released in China and maybe also forbidding their citizens to participate in ICOs though this can be so hard to implement since there are now so many moneyed Chinese and they can go abroad to do what they want. But China govermant has binance for cryptocurrency.

[carlisle1]

It is just the ICOs released in China and maybe also forbidding their citizens to participate in ICOs though this can be so hard to implement since there are now so many moneyed Chinese and they can go abroad to do what they want. But China govermant has binance for cryptocurrency.

This is a year old post,who the hell get this from the grave?

When chinese government banned ico in china,the singapore and hongkong become the cryptonians sanctuary,those whos affected by that banning migrated to that countries just to continue their crypto business

[WootenMayo]

And I am sure that soon Bitcoin can be back rampaging because actually the Chinese government has not yet banned Bitcoin...it is just the ICOs released in China and maybe also forbidding their citizens to participate in ICOs though this can be so hard to implement since there are now so many moneyed Chinese

[blocklancer8]

Is this really happening or just a false news circulating in the bitcoin world to keep the price down and scare people. We should e alert with a lot of news in circulating and should be wise in reacting.

[Dmitry.Vastov]

https://www.sosobtc.com/article/23790.html

Chinese government recognized all of ICOs are illegal,all of related platforms must stop offering services for ICO projects,it seems that is just a start,the regulation of ctyptocurrency is on the way.
Some ICOs refund to their investors already,but this event has an effect on cryptocurrencies including bitcoin,the prices droped seriously.
How do you think of that? Good or bad?

Though it is a bad news that the valuation has deflated to a very serious value but rather I would like to take it as good news because the legalisation of bitcoin and other crypto currencies has been started. We all know the bitcoin is very volatile and very helpful crypto currency and has always proved its potential to be very great but for its world wide use , it need to be legalised every where first then only everyone can use bitcoin in future freely. So for me it’s very good news for bitcoin that the bitcoin era has been started

[HerbertMarcel]

May be they find it threatful for them that's why government do this, but ned to think again before do this.

[DwaneJacky]

Chinese government is very much conservative and by doing this it again proved.

[jenyAE88]

China is not anymore where the biggest volume of buyers coming from...it is already Japan so somehow this panic is unfounded. And I am sure that soon Bitcoin can be back rampaging because actually the Chinese government has not yet banned Bitcoin...it is just the ICOs released in China and maybe also forbidding their citizens to participate in ICOs

[jshealth]

It was anyways going to happen as Chinese government is rigid regarding any new innovation which doesn't has government backing.

[zhanyiguai261315]

At present, 90% of ICO is fraudulent, and the supervision of ICO is still a big problem!

China has a large population, swindle ICO will cause great economic and political problems to Chinese society!

[letzdodiz]

where the greatest volume of purchasers coming from...it is as of now Japan so by one means or another this frenzy is unwarranted. What's more, I am certain that soon Bitcoin can be back rampaging in light of the fact that really the Chinese government has not yet prohibited Bitcoin...it is only the ICOs discharged in China and possibly likewise restricting their natives to take an interest in ICOs however this can be so difficult to actualize since there are currently such huge numbers of well-to-do Chinese and they can travel to another country to do what they need.

[RawDog]

China hates bitcoin

[damort]

Keep calm man. Let see what they can do further. 

[Vistacoin]

Since September 4 last year, ico has been banned in China, but there are still many projects with Chinese parties, and ico activities are still being held.

[deloreswest]

Since September 4 last year, ico has been banned in China, but there are still many projects with Chinese parties, and ico activities are still being held.

they would not ban it forever. I believe china is afraid that many of their money coming out from their country. I believe china is still trying to manipulate and control the economy. They keep decreasing thr value of their own currency and its works and make them strong in export. Just lets see soon china will  back into the game.

[Narutofuc]

oh, this is new to me

[virendarnagpal]

https://www.bloomberg.com/news/articles/2017-09-04/china-central-bank-says-initial-coin-offerings-are-illegal


though it is true that chinese central bank bans all the initial coin offerings.  But we should not panic.  All the revolutions suffer opposition from the present systems.  The crypto will have to fight the old system and history is a proof that all the revolutions i.e. new comers have won and the old systems have to accept the kingdom of the new revolutions.  Just hold with patience.

[Gurjasmeet]

it is a bad news for us.but I think it is a way of control to fake all coins whenever there are many different types of coins running in the market. always strict method adopted in any business become has been more purity. so I can believe China government will unbanned to do this.

[railyako]

as what they say, people is afraid of what they don't understand.