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ludbega
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September 07, 2017, 07:05:27 AM |
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China have good economics partners. For me it's clearly an operation of selling and buyback.
The US economy took a big kick with the hurricane. USD is not good either, situation with Trump also.
I don't really like the taste of the world these days. Too many tension from nowhere. Everything is accelerating
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Un tiens vaut mieux que 2 tu l'auras
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Carlsen
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September 07, 2017, 07:12:51 AM |
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When you have a regulated environment I think ICOs are a business like any other. Everybody must decide for himself if he wants to invest his money.
But the way it was, ICOs were used to scamm the people in order to get their money.
At the moment I am not aware that you would find anywhere in the world a regulated environment for ICOs.
And because I do not think a country would want scamming ICOs for its citizens, I don't think another country will take advantage of the ban in China.
I think as well that China will be the first country to set up regulations, and those regulations will be adopted by other countries.
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anitaraymonds
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September 07, 2017, 07:20:47 AM |
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China's new startups may lose the advantage of their population to raise fund for their projects. Economically the ban may effect them as new jobs and funds that may have been raised will never be.
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Razick
Legendary
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Activity: 1330
Merit: 1003
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September 07, 2017, 07:25:54 AM |
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China banning ICOs surprises me. Why are they going against innovation? Why are they going against technology? This seems like the opposite of what China is known for. You would think they would be dipping their hands into the crypto cookie jar as much as possible right now to get ahead of the curve before every nation on Earth realizes the potential of Bitcoin.
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ACCOUNT RECOVERED 4/27/2020. Account was previously hacked sometime in 2017. Posts between 12/31/2016 and 4/27/2020 are NOT LEGITIMATE.
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bitbunnny
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WOLF.BET - Provably Fair Crypto Casino
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September 07, 2017, 07:32:45 AM |
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I don't think other countries will follow. China has a big influence on Bitcoin but this what they have done wasn't very smart and honestly it was strange decision, don't know what were the motives. Other countries will not take such measures but some of them will probably try to regulate this field in some way which actualy could turn out to be good.
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okissabam
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September 07, 2017, 07:33:17 AM |
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They could take advantage of China banning ICO's because it would be an adavantage to some investors, of course the prices of the coins would go down most especially bitcoin so they have an ample time to harbor bitcoins and other coins while the price is low.
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Janademir4
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September 07, 2017, 07:37:47 AM |
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I do not think so, some countries allow ICO. Even in some other countries there are already rules about it
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fanbeila
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September 07, 2017, 07:40:33 AM |
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SEC of US has regulated ICOs and PBOC of china has completely banned ICOs.Now,definitely the blockchain related companies would move to friendly countries like Europe where it is not banned and would continue their ICO projects.They might not allow US and China citizens here after to participate in ICOs.It depends upon how the ICOs funcion,whether they deliver some thing usefully or they just turn out to be scams to get banned by other countries also.Such countries allowing ICOs may regulate it by framing new laws.
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Wind_FURY (OP)
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September 07, 2017, 08:47:04 AM |
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I understand what some of you are saying that ICOs have become the new outlet for scams. But do you not agree that it is also a new way of funding real projects without having the government and banks involved in the process? Everything is done directly and peer to peer. Was it not this the whole idea of Bitcoin and blockchains?
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BlockOfChains
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September 07, 2017, 09:26:37 AM |
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China banning ICOs surprises me. Why are they going against innovation? Why are they going against technology? This seems like the opposite of what China is known for. You would think they would be dipping their hands into the crypto cookie jar as much as possible right now to get ahead of the curve before every nation on Earth realizes the potential of Bitcoin.
Well, I don't think they're against innovation or technology. But remember that blockchain tends to disrupt systems. They just probably want to enter or manage this new reality without being disruped. In addition, it's true that lot's of ICO's are just Scam or tend to ask for money without any real valuable project. We all need ICO's to be regulated. Legal aspects are not an option. Cryptos were born as an answer to classic financial failure and corruption, etc. But blockchain technology alone can't prevent that the corrupted people will continue 'stealing' your money. Blockchain is a BIG technology that will change the world, but it's a TOOL, and any tool needs to be used properly and some rules are needed. Just think at nuclear energy: this was, is and will be a huge thing. But lots of people already managed it badly (intentionally or not) and millions of people paid the price of this misuse. Nuclear energy's potential is impressive, but if badly managed/regulated can hurt everyone. I think Fintech is similar to nuclear energy. Few people really understand the technology beyond both of them. Lots of people trust in both, but lots of people is also scared by both. Personally, I did not appreciate how China reacted to ICO's, they reacted suddenly with extreme violence and probably they were barely moved by their own interests and not by ethic. But in any case I think we all need some sort of protection while entering this new world. |
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henmark
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September 13, 2017, 05:17:47 AM |
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No they will not. Most other countries are likely to follow the same course of action or at least put some form of regulation on ICOs. Most ICOs are garbage altcoins to begin with so there isn't anything to take advantage of.
I think China being a major player in bitcoin and they were the early adopter to bitcoin . So this effect would definitely means other country will be thinking is ICO legal? What if the companies raised the capital and went burst or run away. Who will pay to those innocent investors? If any such case is reported government will ban an ICO straight away as they do not have any rights to ask for money for their coins ill the time it is not being regulated. It was a big political move by one of the most advanced and developed country who rules the world market and currently also one of the top five who are supporting bitcoins. Definitely, its banning of ICOs is gonna force others to give a thought to this matter. |
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esatceza
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www.thegeomadao.com
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September 13, 2017, 05:24:10 AM |
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It is in my opinion that China is very short sighted in their ban on ICOs. I am only an observer of the whole ICO market as I hold Bitcoin only. But I do believe in ICOs as the future of a democratized way of getting financial support for the unbanked.
Who said that entrepreneurs with good ideas should not be given every opportunity by the community themselves? But of course we should still be careful and be responsible with our own actions. People will lose money from scams.
Do you think a country like Switzerland or Singapore welcome ICOs and become new havens for them?
China is one of the biggest economies in the world so there are many Bitcoin investors here. Therefore, China's banning of ICO will cause other countries to have a lot of influence, many transactions will be canceled, financial resources will be reduced, and BTC will be reduced. Other countries surpass China in terms of virtual currency |
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DoublerHunter
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September 13, 2017, 08:31:45 AM |
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It is not all about the countries because it is more specific if we are going to talk about the people who have bitcoin in their wallet. Since the news like this already heard a couple of times since last year, we can see that it has still effect in the market and the price of most of the coins are dumping so if you still want to make money even the price is falling then you just need to buy bitcoin right now and hold it until the market goes up again.
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michnelli6
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September 13, 2017, 12:25:38 PM |
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No they will not. Most other countries are likely to follow the same course of action or at least put some form of regulation on ICOs. Most ICOs are garbage altcoins to begin with so there isn't anything to take advantage of.
I think China being a major player in bitcoin and they were the early adopter to bitcoin . So this effect would definitely means other country will be thinking is ICO legal? What if the companies raised the capital and went burst or run away. Who will pay to those innocent investors? If any such case is reported government will ban an ICO straight away as they do not have any rights to ask for money for their coins ill the time it is not being regulated. I can’t really tell, but is Japan among those that banned ICO? If not, then I guess they’re the ones that will be taking over, because they seem so serious with it. Singapore is likely to also do the same, if they won’t think that ICO is illegal/bad. |
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Amanda Green
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July 16, 2018, 07:44:29 PM |
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I want to share with you my latest discovery - Socratus. It is a insurance ecosystem which provide a digital platform with instant claim payment products for insurance companies . It is designed to help insurance companies to save their money and get their business on a new level. For instance, they can help the insuance company to lower expenses from 15% to 25% on claims handling and operational expenses. Basically, they work with different kinds of insurances such as e-commerce, cyber insurance, personal accident and etc. Morever, they are powered by Smart-contracts & Socratus Oracles. I think this is really cool and it seems like innovative and demanded project. I hope I helped.
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makenoise
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July 18, 2018, 09:01:28 AM |
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I would rather learn from their mistakes. do they really? How many of them have contributed something to the real world? Now tell me how many of them are scam? How many of them have pasted poor copy of another project?
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Argoo
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#SWGT PRE-SALE IS LIVE
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July 23, 2018, 07:46:58 PM |
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States will not react in any way to the ban of ICO in China. This process is still little regulated by the states. In addition, States or their bodies do not themselves participate in the ICO programs themselves. The citizens will react to this ban, and first of all the citizens of China. To participate in ICO projects, they will bypass the ban in various ways. On the other hand, to organize the ICO, they will be registered in other countries - Singapore, Kongong, South Korea and others.
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princebridge7
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August 02, 2018, 09:13:56 AM |
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it could also be like that, SWISS and Singapore will get a lot of income tax from there ICO in their country.
China is afraid of its citizens who will become victims of ICO, so they protect it by banning the ICO.
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Kemarit
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August 02, 2018, 12:48:26 PM |
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It is in my opinion that China is very short sighted in their ban on ICOs. I am only an observer of the whole ICO market as I hold Bitcoin only. But I do believe in ICOs as the future of a democratized way of getting financial support for the unbanked.
Who said that entrepreneurs with good ideas should not be given every opportunity by the community themselves? But of course we should still be careful and be responsible with our own actions. People will lose money from scams.
Do you think a country like Switzerland or Singapore welcome ICOs and become new havens for them?
Its been almost a year since since China turns its back on bitcoin and crypto and it seems that other countries has stepped up like the 2 countries you mentioned. And then we have the Baltic State: ( https://paymentweek.com/2018-3-23-secrets-ico-leaders-baltic-states-came-dominate-ico-market/). Malta of course: ( https://www.newsbtc.com/2018/04/23/malta-is-fast-becoming-a-central-hub-for-cryptocurrency-businesses/). Truly amazing that we have move forward and totally forget about the day that China turn its back. I'm sure that more countries will become a ICO or crypto hub and position themselves to attract ICO startups by becoming a safe haven for blockchain industry. |
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GeorgiyBilyk
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August 02, 2018, 03:21:28 PM |
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it's very bad that China constantly closes the doors for the crypto market! Now a lot of companies have moved to other countries, where crypto currency is allowed! China is not the first and most important country in the development of the crypto market! in any case, in 10 years will be the legalization of the crypto market around the world!
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