Chinese government banned all of ICOs

[Scoremaster]

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?

Yes, it is sad to hear but really it seems like China is against the cryptocurrency. I would like to have this country which is just superb lever in the world to be on the cryptocurrency side and not against us

[zwiggel]

I think this will greatly affect the electronic money market. Electronic currencies such as bitcoin, ethereum will have to change to be lasting. This is a bad news for many investors. The money market will be turned upside down.

[Nanagyasi]

This is a serious blow to crypto. While we are hoping to hear positive news, this is what came up. Nonetheless, crypto is still very strong and will survive all hard times

[guruge87]

Dont worry about this situation, it will not be longer, just consider it as new, we need to draw our attention to crypto market, be cool.

[bajarang8668]

Chinese government worst government in the world they are trying to communism everywhere. So If people use cryptocurrency and invest in ICO so the government can not control in people. So they banned all ICOs.

[shadowduck]

This noise is not only associated with illegal ICO but also the fact that they often do not pay their bets at the end, due to the fact that they very abruptly finish their project.

[lamcouz]

In my mind, permission from the government means you can trade and make settlements in BTC without a fear of being traced or caught, as was the case with some countries I heard of, BUT they will make us pay taxes on every transaction or maybe they'll try to impose taxes on your crypto assets you are holding onto.

[gesdan]

there are many rumors about bitcoin in China, start form banning ICO, banning cryptocurrencies, and many things, and there are much fake news from China about bitcoin and cryptocurrencies, so in here I don't know about the truth because of that news, but maybe we should worry about that news

[raking]

The decision was made by the Chinese central bank, which issued a statement criticizing the ICO for disrupting the country's financial order. The regulator describes the initial coin program as an unlawful form of public funding that has not been approved, causing suspicion of fraud and criminal activity. Although bitcoin pricing has declined in response to news, this rule does not directly target popular cryptographic algorithms.

[Fishmaster23]

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?

Difficult situations occur in different countries, and it is not only the case in China, but also a lot of countries faced with this particular problem, and it is necessary to get rid of it as soon as possible.

[Debu]

For me, I think it's a mix emotion on this news there is bad and good mix. It might affect the crypto market but on the other hand Chinese Government become more strict in cryptocurrency. Looking to it, they might found out something scam in ICO's - which mainly the reason why they banned it to their country. We can see that the bitcoin is very volatile and has always proved its potential to be very great but for its world wide use , it need to be legalized every where first then only everyone can use bitcoin in future freely.

[trimulia]

In China, there are still many exchange tokens from ICO results, that means there are still many ICOs that are legal there. but if it is true it will affect the market price

[quocsi]

This will limit the birth of the new altcoin. The birth of too many altcoin are diluting the market. But I think this is not good news. It will reduce the bitcoin price in a short time. Because Chinese investors have a great influence on electronic money