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Author Topic: China will allow ICO in 2018  (Read 223 times)
GhostWithin
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January 28, 2018, 01:21:53 PM
 #1

Here is some good news from China!

Speaking at the Southeast Asia Blockchain Summit, Yang, who is also director of the Center for Financial Technology, further “denied” a blanket ban on cryptocurrency trading and ICOs would continue indefinitely.

China has enacted a major clampdown on how citizens can legally access and trade cryptocurrency in the past six months.

September saw the second exchange shutdown of 2017 become a permanent moratorium on crypto-to-fiat platforms, with lawmakers signaling earlier this month they would seek to end “centralized” exchange activities altogether.

September also saw a sudden halt on ICOs, with projects which had already accrued funds but not launched tokens being obliged to return investments.

Against the current backdrop of additional clampdowns on mining activity in China, Yang’s words thus appear surprising.

While confirming over-the-counter and overseas exchanges “would be strictly regulated,” local news outlet 8btc reports that Yang added that the remedial regulatory climate in China was ostensibly meant to weed out “bad” ICO projects to allow bonafide offerings to flourish.

During the interview with 8btc, Yang states:

Good ICO projects are allowed to develop in a legal and risk-controlled environment rather than simply adopting a one-size-fits-all approach.

He goes on to add:

[The China Securities Regulatory Commission] may launch equity crowdfunding pilot program in the near future, which will be an opportunity for ICO to get in compliance.

While Chinese investors have made headlines in their attempts to circumvent restrictions, nearby major market South Korea is also softening its previous statements on cryptocurrency-related bans.

Strict regulation of exchanges now appears to be the order of the day, while ICOs remain similarly outlawed under Seoul’s jurisdiction.

New guidelines outlawing anonymous trading are due to come into force January 30, which will also see foreign citizens barred from using Korean exchanges.

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January 29, 2018, 09:50:33 AM
 #2

Here is some good news from China!

Speaking at the Southeast Asia Blockchain Summit, Yang, who is also director of the Center for Financial Technology, further “denied” a blanket ban on cryptocurrency trading and ICOs would continue indefinitely.

China has enacted a major clampdown on how citizens can legally access and trade cryptocurrency in the past six months.

September saw the second exchange shutdown of 2017 become a permanent moratorium on crypto-to-fiat platforms, with lawmakers signaling earlier this month they would seek to end “centralized” exchange activities altogether.

September also saw a sudden halt on ICOs, with projects which had already accrued funds but not launched tokens being obliged to return investments.

Against the current backdrop of additional clampdowns on mining activity in China, Yang’s words thus appear surprising.

While confirming over-the-counter and overseas exchanges “would be strictly regulated,” local news outlet 8btc reports that Yang added that the remedial regulatory climate in China was ostensibly meant to weed out “bad” ICO projects to allow bonafide offerings to flourish.

During the interview with 8btc, Yang states:

Good ICO projects are allowed to develop in a legal and risk-controlled environment rather than simply adopting a one-size-fits-all approach.

He goes on to add:

[The China Securities Regulatory Commission] may launch equity crowdfunding pilot program in the near future, which will be an opportunity for ICO to get in compliance.

While Chinese investors have made headlines in their attempts to circumvent restrictions, nearby major market South Korea is also softening its previous statements on cryptocurrency-related bans.

Strict regulation of exchanges now appears to be the order of the day, while ICOs remain similarly outlawed under Seoul’s jurisdiction.

New guidelines outlawing anonymous trading are due to come into force January 30, which will also see foreign citizens barred from using Korean exchanges.
In these matter the door for crypto currency is not totaly closed.but they trying to find any possibilities to control it .specially in the anonimity of crypto currency. but because it is design program of blockchain technology, all they can do is to control operator that will change crypto currency into Fiat money.once you will avail services changing crypto to fiat you will be scrutinized.

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January 29, 2018, 07:00:54 PM
 #3

(CSRC) may launch equity crowdfunding pilot program in the near future, which will be an opportunity for ICO to get in compliance.
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January 30, 2018, 02:41:41 AM
 #4

(CSRC) may launch equity crowdfunding pilot program in the near future, which will be an opportunity for ICO to get in compliance.

If the Securities Regulatory Commission of China will launch this program, then it will be a big chance that ICO will be implemented and that is the chance that they will have to allow ICO and the cypro currencies will be realize.

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January 30, 2018, 08:17:18 AM
 #5

At first China banned ICO. Now they say that it is possible to allow ICO.
It seems to me that China creates conditions for its projects, for example, such as NEO.

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January 30, 2018, 01:21:51 PM
 #6

All of this are mere speculation which chances of happening is slim as we are already in 2018 and there is no chance that they will even implement it. Eventually if they allow ICOs, I don't see it as being popular as it was in the past because this new era will come with lots regulations, licenses, verifications, filling of application of funds with supporting documents, I doubt if lots of developers will want to go through that stress to raise funds.

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January 30, 2018, 05:19:12 PM
 #7

You should put on where you got this news, a simple source for the link will help.

Meanwhile in some other countries, https://www.coindesk.com/philippines-sec-plans-to-regulate-cryptocurrency-trading-icos/

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lili song
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January 30, 2018, 11:57:01 PM
 #8

This news we hope is true, but in my opinion maybe china will create their coins, and will use in their country.
We hope China will allow ICO in this year and be control by themselves. But let's see what will happen in the next.

 
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January 31, 2018, 02:18:26 AM
 #9

It is undeniable that there are ICOs that has a purpose of just scamming its investors because even though it reach its hardcap, they would be gone thereafter. It is just unfortunate for those who invested on it because they cannot just go after the one responsible for it because there are no proper regulations to it. China just did the right thing to protect its people in investing into something that has a possibility of being scammed. This time around if ever they decide to allow ICO again then regulations are needed to prevent those things from happening. This is a good news for crypto world because crypto would have more volume again.














 

 

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January 31, 2018, 04:25:32 AM
 #10

This news we hope is true, but in my opinion maybe china will create their coins, and will use in their country.
We hope China will allow ICO in this year and be control by themselves. But let's see what will happen in the next.

Indeed, we truly need this kind of development and hope that this is true because Bitcoin now did not really rise up steadily after the South Korean ban issue that even they take back their words of not banning the crypto currencies still we are at $11,000 which is very far from previous speculation of $20,000 mark for last year alone.

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January 31, 2018, 08:45:03 AM
 #11

    It is a long way to go. ICO itself is not the problem, the problem is it had been utilized for fraud and money encirclement. The idea of decentralization is contrary to governmental power. But Blockchain is an irresistible trend, the Chinese government has to embrace it as long as its power won't be jeopardized.
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January 31, 2018, 10:05:10 AM
 #12

it is a good news for every dev in China that wants to start their project but there are any requirements that the dev and the team should obey so they don't get any trouble in the future. I think if everything can obey the law then we can reduce to getting scam from the project and only the best project that will allow continuing their work and they can make their investors feel safe while they invest their money to that project. finally, China wants to join in the cryptocurrency again and will allow their people to contribute to the ico and the cryptocurrency.

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January 31, 2018, 10:29:04 AM
 #13

Я нe дyмaю, чтo oни пoлнocтью cмoгyт зaкpыть вce пpoeкты и кaк-тo плoтнo peгyлиpoвaть этoт pынoк. Кoмпaнии выпycкaют aкции, кoтopыe являютcя дeньгaми и тaк жe иx пpoдaют, чтo пo cyти являeтcя тaким жe плaтeжным cpeдcтвoм кaк и биткoин. Пpocтo вoздyx coтpяcaют
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January 31, 2018, 10:31:12 AM
 #14

Я нe дyмaю, чтo oни пoлнocтью cмoгyт зaкpыть вce пpoeкты и кaк-тo плoтнo peгyлиpoвaть этoт pынoк. Кoмпaнии выпycкaют aкции, кoтopыe являютcя дeньгaми и тaк жe иx пpoдaют, чтo пo cyти являeтcя тaким жe плaтeжным cpeдcтвoм кaк и биткoин. Пpocтo вoздyx coтpяcaют

тaк этo yжe дaвнo былo пoнятнo! Лaзeйки бyдyт нaxoдить вceгдa, a зaкoнчитcя вce тeм чтo пpocтo нaйдyт cпocoб peгyлиpoвaния вoт и вce!

so it has long been clear! Loopholes will always find, and all will end with the fact that they will simply find a way to regulate that's all!

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January 31, 2018, 11:48:08 AM
 #15

Then that’s a good news but hoping it won’t take a super strict regulation that will affect any ICO to limit any participant in that country. And also at this point ICO scammed should be and might be filtered to lessen this kind of, to rebuild the reputation of other ICO who is legally and sincerely doing something that is promising and profitable in the future.

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January 31, 2018, 11:49:01 AM
 #16

Something is going on in China, but what is it exactly no one knows.
Now its chinese new year looming over ( Feb 16th) and life will stop before a week and for about another two weeks after. So if there will be any news it will either come these days, or you can only expect it in the beginning of March. But if the new rules will be even more strict and negative or will establish the framework for legal crypto life is still a big question.

With China you never know Smiley
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January 31, 2018, 12:10:36 PM
 #17

That's really good news, will it be Ethereum compatible or NEO only, we will see...
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January 31, 2018, 12:19:31 PM
 #18

but in the end, we're still dependent to these big countries (China, South Korea, Japan, US)...


bad news with unknown sources can make disaster to crypto world  Shocked


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January 31, 2018, 12:57:50 PM
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I am with the idea of organizing the market  Smiley
And exhibitions completely closed for him Angry Angry

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February 01, 2018, 12:42:10 PM
 #20

We do not them to accept ICOs, but to allow free crypto trading!

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