any one tell why ico ban in china??

[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 ..

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[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.