China can lift the ban on crypto-currencies and ICO

[SergiuDemerji]

There are reshuffles in the main bank of China. Now the post of director was taken by E Gang, a man who always openly supported crypto-currencies.
For 15 years the Central Bank of China was headed by Zhou Xiaochuan. Under his leadership since mid-2017 a ban on operations with the crypto currency and the conduct of the ICO has begun. More than 90% of ICO projects were forced to return investors their investments. This has become almost a disaster for programmers and entrepreneurs. In February 2018 the regulator prohibited companies the trading on foreign crypto-exchanges.
E Ganges, on the contrary, promises to carry out a number of reforms in the industry that will influence the development of the crypto currency in China. He refused to disclose the details.
In this connection investors are waiting for the improvement of the situation in the country and around the world.

[paderobin]

That's an interesting development. Much as i loath China for what they did to the market last year, I'll be happy to have them back to give this market a shot in the hand

[joann15]

Well if they really lift the ban we will expect the market will be huge a lot of big investors on China and I know they will really support one of their own which is NEO which has a really good technology, projects and teams. NEO will really be huge if this one really happens.

[surfinonmyownwavebaby]

If what he is doing is what you are saying he is doing, then there would be no way he can disclose details. Probably has signed tons of NDAs and as such as we should patiently await the outcome. I am stoked though that China could be back with us soon, they are a huge global player with lotta funds. As much as I think we can get on without them, it is much better deal with them getting involved.

[leea-1334]

That is not how China works, friend. Reshuffle and change is normal, but appointments are made in advance and the central communist party always knows its candidates before the public do. And they always make sure successors know theire place, and follow the guidelines of their predecessors.

If the "ban" is lifted, it will be because the party already determined this. And it will lift it, by the way. It is all part of their big economic agenda. China is not out of crypto.

[Serg22]

If the ban is lifted, the entire Eastern market will come to life with its investments and we will again see the growth of cryptocurrency.

[omonuyak]

This are some of the good news we are hearing about cryptocurrencies this days and we may hear more good news from China in days to come as the head of the financial authorities has been changed.  I think China investors are just waiting for more news to come out about this before jumping into the market.

[chesatochi]

You can never predict with this government how to deal with them. One day you can do an ICO and the next one you not allow, and you need to shut down your operations!

[liseff3]

I don't know, for me, China is too clever in reverse the fact that happened, as happened last January 2018, in the media their government says "there is no crypto ban at all", the facts are the reverse, crypto ban has occurred since 30 September 2017 and until this nothing has changed.

[xclusiveguy]

That will be one of the good news of crypto in 2018, I just hope it happens now!

[sandor111]

This is just speculation. The new director has not announced anything officialy yet. Ok, he is in favor of cryptocurrencies but he will need to convince Minister of finance.

[NaXxow]

they can flip everything once they get the objective at the first place they ban ICOs and crypto purchase. The thing is, they also wants the money, how to win the game? Ban it, once the price is low, enter the market and lift the ban, then Cash Out like a mafia.

[saras008]

of course, they are big countries. so their policies will certainly at least have the influence to the other country. If that happens then this will raise rates at least a crypto had fallen.

[SM23031997]

Major mining operations always came from there and most of the good things came from there and if we believe they are looking lift the ban it will surely boost up the cryptocurrency again.

[Elcapsono]

There are reshuffles in the main bank of China. Now the post of director was taken by E Gang, a man who always openly supported crypto-currencies.
For 15 years the Central Bank of China was headed by Zhou Xiaochuan. Under his leadership since mid-2017 a ban on operations with the crypto currency and the conduct of the ICO has begun. More than 90% of ICO projects were forced to return investors their investments. This has become almost a disaster for programmers and entrepreneurs. In February 2018 the regulator prohibited companies the trading on foreign crypto-exchanges.
E Ganges, on the contrary, promises to carry out a number of reforms in the industry that will influence the development of the crypto currency in China. He refused to disclose the details.
In this connection investors are waiting for the improvement of the situation in the country and around the world.

You will imagine if this happens what could be the consequences for the crypto currency. The most ideal is the adoption of crypto currency in many countries, the minimal achievement is stabilization and growth of the market.

[Endikadija]

That is not how China works, friend. Reshuffle and change is normal, but appointments are made in advance and the central communist party always knows its candidates before the public do. And they always make sure successors know theire place, and follow the guidelines of their predecessors.

If the "ban" is lifted, it will be because the party already determined this. And it will lift it, by the way. It is all part of their big economic agenda. China is not out of crypto.

This time there are some exchange sites in china that still operated. Some already migrated to the outside of china to get legal protection.

the ban will be lifted it the china already made a regulation to the cryptocurrency and icos. But I'm not interested in china again. We can now try to think the next bitcoin house for cryptocurrency. Some countries in EU already made a regulatory framework to the crypto.

[Restu Siregar]

China's official Xinhua news agency quoted the PBOC on Monday afternoon as saying it would tighten the terms on investor participation in various ICO transactions and the virtual currency, as it remains high in the sector.
Beijing's harsh attitude - which is very effective for all things related to digital currency - focuses on putting on ICO and the virtual currency trading mania that has swept China. The madness among investors is a huge source and some seasons are used to determine who is responsible.

[sinkfish]

this is great news, one of the world major power is actually supporting crypto. Im optimistic about his decision to have China stay in the game. Let see how it goes.

[zabisux]

This is quite good news coming from China. I still feel like they cannot lift ban on icos as china is ruled by harsh bureaucracy (AKA Communist Party) They may only start to regulate harder but with less harsh ban.

[BTCLovingDude]

as far as i know China has never banned cryptocurrencies to want to remove the ban now, since you can't remove something that is not there to begin with. they have banned exchanges and put a lot of restrictions on ICOs and i don't see any of these two change in the future. they may end up letting some exchanges open back up with strict regulations and some very strict ICOs to get their funds but it won't be a removal of any kind of bans at all.