Cryptocurrencies regulated from October 1 in China!

[iqlimasyadiqa]

Please Don't be a fake news, but regarding if this is not real it is really OK for me even in the impending Hard Fork November there is a way in getting free coins for us again and the price would still rise impending the reason why it drops in the first place, but if this is for real then we are seeing the surge of price up to the $5000 mark value we are now proceeding to the $4400 dollar right now so expect the price to surely rise up.

in bitcoin world all the news could happen. that's why so called bitcoins have very high price fluctuations. so many things are very influential and can quickly change the price of bitcoin. I do not feel strange when I see this kind of news, but when viewed by reading the graph I am very sure there will be bitcoin price increases some time ahead. bitcoin prices are rising today due to the increasing demand for bitcoin in the world market. china's current decision has not affected bitcoin yet, prices continue to rise without any significant correction.

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[Tipstar]

Whether fake or not, the news is in media, and the coin will rise, sooner or later China would start a regulation which infact can be good for cryptocurrencies trade.

[Kyraishi]

https://news.bitcoin.com/virtual-currencies-expected-to-regulated-in-china-on-october-1st/

If this is true (laught at Sep 31), might boost bitcoin, thus all the crypto, mainly NEO/GAS, which is about to get eth-like rise soon with the first ICO on NEO platform on Oct 8 and possibly becoming the only platform for ICOs in China with the support of China. NEO is currently a technically better platform than Ethereum and with a great community and developers.

Yeah definitely. And i assume that bitcoin will be positively affected as well.

However, China has essentially wiped out all ICOs as well as putting pressure on bitcoin exchanges to shut down. This means that even if bitcoin is treated as "virtual property" or whatnot it can only be traded p2p, which is perfectly okay but probably not as convenient and cheap as trading on exchanges for whales. This could potentially slow down the pump somewhat.

[jorneyflair]

https://news.bitcoin.com/virtual-currencies-expected-to-regulated-in-china-on-october-1st/

If this is true (laught at Sep 31), might boost bitcoin, thus all the crypto, mainly NEO/GAS, which is about to get eth-like rise soon with the first ICO on NEO platform on Oct 8 and possibly becoming the only platform for ICOs in China with the support of China. NEO is currently a technically better platform than Ethereum and with a great community and developers.

It's good to hear that someone is saying that the Chinese government isn't actually anti-bitcoin but rather just the surge of small exchanges prompting them to shut down exchanges. However, it does seem a bit like a cover up story.

I don't think that this new "regulation" news is going to affect bitcoin prices much.

For me, price is going to go up to at least $4500 and establish a floor there by the end of the month. this trend shouldn't be interrupted regardless of new regulations imo.

[magneto]

Well according to the interviewed guy in the article, he says that China isn't hostile to bitcoin. This in my opinion is completely false since they could have easily only targeted the exchanges that have actually not been following KYC procedure instead of shutting down BTCChina which is very strict on its KYC.

But anyways, treating bitcoin as virtual property is good news. But this again should have happened ages ago and bitcoin IS virtual property. I don't regard this news as important, but nonetheless price should be going steadily up to at least $5000 by the end of the month.

[Karpeles]

Aren't all the exchanges operating in China supposed to be closed by now?

I see OKcoin still with trade volume, and others too.

[Baofeng]

Aren't all the exchanges operating in China supposed to be closed by now?

I see OKcoin still with trade volume, and others too.

I think they are still up to Oct 30 including Huobi to operate if I'm not mistaken. the justification is that those 2 exchanges are too big and needed more time. But there are some who have closed already. Including btcc and viabtc. https://bitcointalk.org/index.php?topic=2218358.0

BTCC is still operating in the BTC/USD pair, from what we can see. But the BTC/CNY pair has ceased operating. But for localbitcoin will take over and it looks like they are increasing everyday. So bitcoin trading still continue to flourish in China.

[kryptqnick]

Whether fake or not, the news is in media, and the coin will rise, sooner or later China would start a regulation which infact can be good for cryptocurrencies trade.

Well, suppose the news is true. We somehow believe it's good news as well but I wouldn't say that. In the article it is written that coins will be regulated and will e considered as virtual property. This is certainly great. Nevertheless, it is also  stated that only Okcoin and Huobi will be legal exchange websites and others must shut down. If we look here https://www.buybitcoinworldwide.com/china/ we can see that there are other famous websites as well. Thus, I believe news may result in price drops again.

[BillyBobZorton]

Well there hasn't been any statements in regards to ICOs, just regular cryptocurrencies so I don't know where are you basing your thoughts about ICOs. Also, that's just two days from now so we're still not sure whether China will reconsider their decisions that fast, though they're notoriously known to change their rulings in an instant.

If this is true though then what happened in China rumors and bans were just an orchestrated FUD by the Chinese officials and investors.

Wow, are you a real pajeet? Pajeets are stupid like you, I dont know anyone that stupid to think there is September 31 like the article says.

October 1 in China is in 40 minutes, not 2 days, pajeet.

A typo error, but my argument still stands: their stance against ICOs wouldn't change, but trading cryptocurrencies would be regulated and not be banned as opposed to their initial statements. And I'm not a pajeet, not even an Indian so I don't know why you're too butthurt when someone pointed out something that doesn't exist. Next time, try to read everything carefully before trying to shill out the coins that you support.

I still believe their stances on ICOs will change, mostly because other countries will allow for ICOs, even if properly regulated, and maybe one of these ICO's turns out to be a billion dollar success and the country that didn't allow it will look like a good damn idiot for life.

Not all ICOs have to be scams, even if I dont like the way coins are issued this way, and if most are indeed scams.

[snowdropfore]

since the price of bitcoin is recover now ,i don't think chinese regulation will affect the bitcoin ,it is done now ,no more news from china,bitcoin can continute it's up way.

[zeze18]

yes of course though without china but the fact that bitcoin prices could increase for the better, and if china will trade with bitcoin of course this will again affect the current bitcoin price increase, and maybe before this november the price will reach $ 5000 if they reopen trade bitcoin.

[tittensor]

Well there hasn't been any statements in regards to ICOs, just regular cryptocurrencies so I don't know where are you basing your thoughts about ICOs. Also, that's just two days from now so we're still not sure whether China will reconsider their decisions that fast, though they're notoriously known to change their rulings in an instant.

If this is true though then what happened in China rumors and bans were just an orchestrated FUD by the Chinese officials and investors.

Wow, are you a real pajeet? Pajeets are stupid like you, I dont know anyone that stupid to think there is September 31 like the article says.

October 1 in China is in 40 minutes, not 2 days, pajeet.

A typo error, but my argument still stands: their stance against ICOs wouldn't change, but trading cryptocurrencies would be regulated and not be banned as opposed to their initial statements. And I'm not a pajeet, not even an Indian so I don't know why you're too butthurt when someone pointed out something that doesn't exist. Next time, try to read everything carefully before trying to shill out the coins that you support.

I still believe their stances on ICOs will change, mostly because other countries will allow for ICOs, even if properly regulated, and maybe one of these ICO's turns out to be a billion dollar success and the country that didn't allow it will look like a good damn idiot for life.

Not all ICOs have to be scams, even if I dont like the way coins are issued this way, and if most are indeed scams.

In the fact, there are have too many cryptocurrency created by the ICO market, what do you think from limit 800 crypto increase to more than 1100 crypto as now? Almost new crypto are from ICO project, there is have not new crypto own a platform like Nebilo recently.

[Hazir]

This is just "Expected" so it can be just gossips.
But!!! I always say that China will regulate soon all ICO because they will receive so much taxes from it!

Do you think that so many current ICO will be able to be released in China?
These regulations might be quite severe and the is a high chance that 1/100 of current ICO would manage to be accepted.
I would rather see only the best and most interesting ICOs than mass flow of useless projects created only as fast money maker for their creators.

[ivrynx]

I think we should verify this news first, since we are speaking of china here, it seems that this news is all of a sudden, after they had banned bitcoin. We should first do our own investigation, before we come up with our conclusions, if this news id fake, still it is ok for the rest of us, since we already learned to live without china suppotting bitcoin,but if it is true, then the chinese might just be playing tricks with us, and its people, since.it is because.of them that bitcoin took a dip, if they finally found some ways on how they can regulate cryptocurrencies, i think bitcoin will be back in china, and they should introduce it to other countries as well, so that they will not have the same problem china had encountered. Still we mist.clarify if this.is fake news or not, since a lot of fake news is still coming out of china.