any one tell why ico ban in china??

[bs9]

All investor are dispointed when ico ban in china.I want to know why ico ban in china.any one explain please.I am really frustrated for this news.Now I am hold my coin.But where are going to crytopia currency?? 

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[Hannibalis]

I advise you to keep holding and buying if the price dumps more. Maybe China just did it to buy big amount with very lower price.

[bitorama]

I think maybe there are too many ponzi schemes with the name of ICO

[DreamTeamGG]

Because a lot of ICO's are scammers. They don't ban it; they will filter it to protect investors.

[Md Kayum Uddin]

May be a lot of false ico scammers in China for that China government banned it.

[kamikadze69]

perhaps the ICO ban is used to control the development of cryptocurrency in China. because the development of cryptocurrency in China, especially in the field of mining is very rapid.

[Btcvilla]

All investor are dispointed when ico ban in china.I want to know why ico ban in china.any one explain please.I am really frustrated for this news.Now I am hold my coin.But where are going to crytopia currency?? 

rumors say China forbids ico, due to too much and more lively ico that harm Chinese people. in other words many ico are scam. but I do not really know exactly whether or not the rumor.

but if we learn China has a country record that often imitates and has a tough politics.

there are other options of the rumor. it is possible that these rumors are maintained and developed so that bitcoin values ​​fall to the lowest level.

[allthingsluxury]

Uncertainty is the greatest enemy of the markets, and this uncertainty is definitely hurting BTC in the short term. For the long term, things still look good.

[dimastegar]

Be confident with what you hold. Especially when the price of the coin is currently down, we must be patient and mentally ready when the coins we hold have decreased in price. So, HODL and WIN.

[lovesybitz]

All investor are dispointed when ico ban in china.I want to know why ico ban in china.any one explain please.I am really frustrated for this news.Now I am hold my coin.But where are going to crytopia currency?? 

Since China is one of the biggest owning mining farm in the entire world, perhaps they know once they've banned all the ico it will take affect the value of bitcoin, then once its dumped they will buy a huge of bitcoin and more whalers will pursue to do it.

[affandi]

I advise you to keep holding and buying if the price dumps more. Maybe China just did it to buy big amount with very lower price.

This is what I'm thinking now. It can be said that china is a country that has raised criptocurrency, so china can not possibly want to destroy cryptocurrency. All we have to do now is calm down and watch the market. it will be better than throwing away what should be our benefit.

[bs9]

Because a lot of ICO's are scammers. They don't ban it; they will filter it to protect investors.

yes i am agree with you.Pump and dump is habit of cryptopia but Now most of ico are scammer.they cheated many people .I think Filter all ico and protected all investors because investors are really trusted Ico and invest there money.Scammer always proposed  huge profit and takes money from investor give false whitepaper.

[kevinzxz]

from the news I heard, ICO in china is blocked because china wants to make its own coin same as bitcoin, so china block bitcoin to make coin which in it can be sold in the market (that's according to news I heard).

[cryptomato]

there might be intention to prohibit scammer ICOs to steal people's money, other than that China is happy with crypto currencies.

[Odora]

I think the biggest reason why china banned ICO because they do not pay taxes and maybe it's because of the many ICO scam there, so the government tried to protect the money of its citizens, positive thinking ..

[AVAMONEY]

seems yes, china want to makes their own ico, they won't allow their people money to send out from their country.e ico to stabilize the market.

[Jating]

All investor are dispointed when ico ban in china.I want to know why ico ban in china.any one explain please.I am really frustrated for this news.Now I am hold my coin.But where are going to crytopia currency?? 

I think China banned it because they want to "protect" its people from scam ICO's. Chinese people are going crazy for every ICO's and putting a lot of money in it. But only few are legit and successful while most are scams that why the government decided to stop this madness to help people's possible loses and put on the brakes on their worries about cryptocurrency. It is also possible that China want its own crypto, that's why they pull the plug on bitcoin and their local exchanges.

I hope that you are still holding your coins and didn't sell when the price plummeted about 2 weeks ago. Because if you did then you will feel disappointed because the price have already recovered and now trying to break $4000.

[Yaunfitda]

The government of China says that the practice of raising investment by selling tokens in return for cash (ICO) is illegal fundraising. Thus,resulting to a total ban of it. Or maybe China is really affected economically because millions of dollars have been flowing in and out of their country because of Chinese investment of ICO. I read that it maybe a temporary ban, but if they would allow them again, the company should apply license before operating to ensure that only legitimate companies are able to use the method to raise funds.

[mdwazi]

Since,The chinese government think that cryptocurrency may weaken the official control of country's cash flow,As the investors are trading on a large scale through bits.

[Barcode_]

I think one of the main reason that China ban ICO in their country is because there are too many scammers out there using ICO project to scam the Chinese citizen into investing their money in the project, and after the funding had been completed, the developer and admin just ran away with the money without releasing the tokens as promised.

[Thymoty]

I feel there is a game when ICO is banned in China, does the big game entrepreneurs there so bitcoin prices can go down and they buy it or other political reasons, but thank goodness bitcoin prices are now starting a little normal ..

[johnwest]

The problem is regulation, Chinese government dont want any person to start their own ICO without having a proper knowledge or start something to scam innocent people money. They want proper documentation which may be hard for any ICO.

[learner 7]

I think that the blockhain represents a certain threat to the world system, over time, society will see all the advantages of decentralization. And we will give up the management system that is now.

[O9NpJ9ld1opS]

China have one among the biggest crypto currency markets and is literally the king in crypto's. The ban of ico's is just temporary. They are going to regulate Ico's which is a good thing. Nowadays many of the ico's turn around to be scam and lots of people loose their money. Regulating ico's makes it more transparent and more and more people become forward without fear.

Hope all countries come forward with idea of regulating ico's.

[webmastax]

I think because of big number of scam ico's. Anyway, sometimes China like to ban a lot of things without known reasons.

[MFahad]

They have this neat legislation system where they don't have to call us, email us, or tell us in any way why they do what they do there. Apparently, the government in China is under the impression that they have control over their country and not an internet forum. I know that the massive traffic here beats the fact that they have government positions, and they will surely stop by here and tell us their feelings and reasons for doing things, but we are going to have to wait while they stop and justify themselves to a couple of wandering monks in Detroit first, because China is all about telling the little people their business.

[crazyphoenix]

All investor are dispointed when ico ban in china.I want to know why ico ban in china.any one explain please.I am really frustrated for this news.Now I am hold my coin.But where are going to crytopia currency?? 

They just want to regulate ICO  because there are too many ICO scam that date is being created than a real one. It is hard to find which one is legit so they need to be review and check which ICO is a scam or not.

[Evilmorty69]

I don't know exactly but maybe government afraid btc. or maybe a lot of false ico scammers in China 

[stompix]

Let's see:
https://bitcointalk.org/index.php?board=159.0
357 pages of 40 threads that makes about  14 000 altcoins

https://bitcointalk.org/index.php?board=240.0
Anther 320 tokens

Probably less than 1% of them have real "developers" and a team or a project behind it. And when I say team I don't mean a bunch of guys specialized in hyips.

With so much money changing hand in exchanges, being invested in alts and tokens of course a government that wants strict control over their finances is getting nervous.In such a crypto mess it would be close to impossible to keep track of where the money are going.
Of course there is the second problem also. They don't want that their citizen lose money and those money end up in another country as that is also capital outflow and China does not want that.

So, they've chosen to use the hammer rather than the pen. > Bam Ban!

[greenpips]

Chinese regulators have decided on a “comprehensive ban” on platforms that allow people to buy or sell virtual currency in China.

[OMGyasuo]

All investor are dispointed when ico ban in china.I want to know why ico ban in china.any one explain please.I am really frustrated for this news.Now I am hold my coin.But where are going to crytopia currency?? 

In China, officials and some people believe btc involved in illegal activities, especially money laundering. So they blocked btc. On the other hand, after what btc developed in China, they think that btc is bad for their currency system.

[bitfools]

All investor are dispointed when ico ban in china.I want to know why ico ban in china.any one explain please.I am really frustrated for this news.Now I am hold my coin.But where are going to crytopia currency?? 

It was a very short list, they only banned the most blatant criminals, who quickly moved offshore to Japan, or into Russia.

The BITCOIN-GOLD (BTG) started off as a ICO in August, then got banned and shipped over to Russia, where it became a "FORK".

China GOV didnt' ban BITCOIN, they didn't ban exchanges they didn't ban ICO's, they just banned criminal fraudulent companys from selling "SHIT ICOS" to a gullible public.

[Yukyzu]

it is possible that ico restrictions are stigmatized to control the tax-free investment that has so far resulted in losses to China, or they want to make their own controllable coin. but it's all just an uncertain news about the reasons for the ban ico being insulted.