Chinese government banned all of ICOs

[Qeupe]

so sad to hear that the country with the most population is banning Cryptocurrency, but it is September 2017.
Now cryptocurrency has moved further, and also has many countries that legalize crypto, I hope China starts to heat up and begin to realize that this will be good for the economy.

[polyballz]

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?

Of course it has an adverse effect on Bitcoin and other Altcoin, as some of the investors who participated in ICO came mostly from China.
Bitcoin price declines along with the rise of this news was raised in the media.
Even Altcoin followed Bitcoin's direction and went down.

[Ava Duvall]

China views cryptocurrencies as a threat and bad influence so naturally the banned crypto. over a few years they will loosen up and give way as crypto breaks through and becomes more popular
 

[jayveerastrullo]

Chinese government banned all icos because there are many incidents of people getting scammed and creating fake icos to gain money so the government of chinese made a final decision to ban all icos. Well this might affect because chinese are great at making prokect that will others but this well not affect the movement of other cryptocurrencies or icos.

[Dexion]

this is old news, and it is a bad factor that can affect the value of bitcoin, and in fact, the banning of ICO and the banning of bitcoin by the Chinese government has a major effect on crypto trade.

thus creating the infinite correction, until today.

[digroske]

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?

I did not think that I would hear this news from China. This country has always been at the forefront of all economic trends. but time will tell. I think this is just a political step.

[phosphine]

It is only the ICOs discharged in China and perhaps additionally prohibiting their residents to partake in ICOs however this can be so difficult to execute since there are presently such a significant number of well-to-do Chinese and they can travel to another country to do what they need. Be that as it may, China government has finance for digital money.

[Bitcoininvestment]

Theyre really strict when it comes to the cryptocurrencies and even decided to ban bitcoin mining. But yet, some of the previous investors still find a way to have an access in bitcoin. Banning the ICOs would really affect the bitcoin's price since the ico is also responsible for its price.

[karinaloren]

Chinese authorities are fully against any cryptos. I have recently read that thanks to the imposed bans, the share of Bitcoin trading operations in the Chinese currency fell from more than 90% to less than 1 % of the world’s total.

[kent47400]

because of many Chinese cryptocurrency investors, for example from CEO Binance, CEO of TRON, Jack Ma, NEO Coin and so on.

when ICO is banned, cryptocurrency is difficult to develop, while the function of ICO is to attract investors to buy cryptocurrency so that the cryptocurrency market continues to increase its price.

[pehatas]

China is not the whole world, and most likely even if the Chinese government never recognizes the crypto currency and ICO projects, we will still use the crypto currency successfully, since no one can prohibit it.

[Theo222]

chinese government want to lessen the risk in their country they know that bitcoin is flactuating so fast thats why they banned it to avoid loss of money. their country is very rich but if they invest to crypto they can loss some of their money easily.

[idontcare]

chinese government want to lessen the risk in their country they know that bitcoin is flactuating so fast thats why they banned it to avoid loss of money. their country is very rich but if they invest to crypto they can loss some of their money easily.

As far as I know, China is the first ICO-banned country in the world. By the end of 2017, there are several MLM projects created, and the Chinese government knows that these projects are a scam and they have banned it.

[rajkr]

Banning of ICO will make BTC more attractive.Mostly ICO are fake and they collect money and run away so people stucked in those fake projects so better to invest in already well established good coins.China is strict country so it's not bad news for crypto markets.

[Damn3d]

This is not good news in the crypto world. I hope the price of bitcoin will grow up. But the Chinese community is really vital in crypto space so hopefully, they find other ways on how to deal their cryptocurrency investments.

[bubble pop]

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?

It is just the ICOs released in China and maybe also disallowing their inhabitants to share in ICOs anyway this can be so hard to execute since there are by and by such a critical number of well-to-do Chinese and they can go to another nation to do what they require. In any case, China government has back for computerized cash.

[iranman]

The Chinese government specifically took the time to think about what and how to do in crypto. To date, the main hash of power is on the territory of China. We will watch the development of events!

[Cotton Candy]

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?

It is just the ICOs released in China and maybe furthermore disallowing their occupants to share in ICOs anyway this can be so hard to execute since there are by and by such countless to-do Chinese and they can go to another nation to do what they require. In any case, China government has back for advanced cash.

[kirkarsedat]

As happened last time, the crisis didn't last long . The news was spread to lower BTC prices, in fact this is an opportunity for us to buy Bitcoin with low. and bitcoin recovered and pumped again

[bizarro]

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?

If you do not live in China there is nothing to worry about, it does not matter to you. It is important not to read news that is not related to your future. Although in general this is a bad thing for such programs.