What is China government upto?

[GBCrypto1]

China is the first country to have a government that provides crypto ratings. It is quite shocking as it is the same country where people are banned from using it. Are they going to change how crypto works in china? Bring some regulations?

Read the complere article here : https://coinfrenzy.io/chinese-government-crypto-rating/

[qazgroup]

I think they were only behind the bad guys and scammers who were collecting money disguising as new ico projects, sooner or later china will be fully legalizing the real crypto assets as the largest mining units are working from china and also chinese provide huge volume to overall crypto market, so the real coins are projects are going to be ok in China and all over the world.

[GBCrypto1]

I think they were only behind the bad guys and scammers who were collecting money disguising as new ico projects, sooner or later china will be fully legalizing the real crypto assets as the largest mining units are working from china and also Chinese provide huge volume to overall crypto market, so the real coins are projects are going to be ok in China and all over the world.

Makes sense but scammers will always be there no matter what. Instead of unregulated way of doing it, now a much more regularized system will be there but again people who are behind this might take advantage of the system.

[tradcoin]

Thank you for the article. I think some bad guys and scammers are responsible for this. I hope Chinese government will soon solve this problem.

[sandialoveth]

I think they were just behind the terrible folks and con artists who were gathering coins masking as new ico activities, eventually china will be completely sanctioning the genuine crypto resources as the biggest mining units are working from china and furthermore Chinese give gigantic volume to general crypto showcase, so the genuine coins are ventures will be alright in China and everywhere throughout the world. This is nothing to worry.

[jasonhart]

Yes, it does not make any sense. Some says, this was done to reduce the number of scammers. But they can never be gone forever. Let's see how their strategy works in future.

[ginobitcoiner]

I think the ratings given this chinese will encourage all crypto to keep innovating and developing, also compete to be the best. so we can see and distinguish between real and great crypto with shitcoin.

[illiki23]

There are many reasons why China is cracking down on cryptos.  Some of them are a little nefarious such as pressure from the central bank - but others are legitimately to help prevent scammers.  In this light one could look at an ICO rating service as a means to protect people from scammers rather than support of the industry.

[sourish]

In the present scenario, i dont think any country is going to ban or continue with their bans on crypto or icos. With a growing adoption by various countries of a tech that would prove futuristic and revolutionary in every aspect of our lives, who would want to reject and stay behind or out of the competition.

[gaguktnu]

I think the Chinese government wants to control the encrypted currency, and they do not allow bitcoins to destroy the country's economic system, because it will hurt the power of the government.

[bddbd]

The Chinese government hopes that encryption technology can be developed and used well, but they are also very afraid of investing in speculation. So they want to have easy-to-control encryption technology.

[mindrust]

China is the first country to have a government that provides crypto ratings. It is quite shocking as it is the same country where people are banned from using it. Are they going to change how crypto works in china? Bring some regulations?

Read the complere article here : https://coinfrenzy.io/chinese-government-crypto-rating/

Just do what you believe.

Would you care if China rated bitcoin as the worst currency ever? You wouldn't. I wouldn't. People would still ignore them and keep buying.

The Chinese Government is trying to confuse you intentionally by creating a non-sense list.

They put a scam like Verge above Bitcoin. Don't fall for it, we didn't start buying crypto because some government told us to do so, we started to do it because it is (crypto) is obviously better than what they offer. (FIAT, banks)

[jasper79]

This is expected from them as they're always like this when it comes to technologies. They will welcome you with open arms then later on ban you once they're done developing similar technology.

[toop548]

Oriental countries seem to have a higher level of bitcoin closure than Western countries. Russia is currently the largest country in the country that declared bitcoin illegal. However, China and South Korea are the two countries that have recently stepped up efforts to review and monitor the use of Bitcoin. In fact, the price of Bitcoin has fallen dramatically in the world due to the influence of the Chinese and South Korean governments continuing to rectify the cryptocurrency. According to reports, there are 100,000 signatures in Korea requesting refusal of proposals to ban cryptocurrency transactions; 30,000 signatures have requested the removal of two ministers, the Finance Department and the Legal Department, on the grounds of manipulating the market.

[frowsiter]

There are only two possibilities with this country. Either they are very very confused about the crypto currencies OR they are making some revolution within the country and hiding everything until the projects completed.

But I am afraid we can not predict anything about them as there was time when they completely vanished the idea of bitcoin and all other crypto currencies a year ago. Now they are trying to be giants in the crypto exchanges and there are still some projects like NEO which are running with high speed in the country.

Sometimes we cant even predict what they really want and what are they upto. May be they will surprise us with something really bad for us. Lolz. The same way they did last year. 

[KroFly]

China is the first country to have a government that provides crypto ratings. It is quite shocking as it is the same country where people are banned from using it. Are they going to change how crypto works in china? Bring some regulations?

Read the complere article here : https://coinfrenzy.io/chinese-government-crypto-rating/

The Chinese government seems to be the only one capable of making responsible decisions and are not afraid of this, unlike other countries. The fact that the prohibition of cryptography was justified by the fight against fraud, perhaps this was not the main reason, they also can easily lift this ban, which will give rise to many Chinese coins.

[ngavanngo22]

This is also what I'm wondering recently. In the past, there was information that the Chinese government banned cryptocurrencies making the NEO rate plummet, and now the government has launched a campaign to probe users about their favorite cryptos. Is the Chinese government going to legalize cryptocurrency instead of banning it as before?

[leoliln45]

China government is trying to impose tax on crypto currency which is good for crypto currency itself. People will have trust on it more than before and legality question would be dropped off due to this very soon.

[quarkyplum]

There are no ban for cryptocurrency in China. The only thing banned in this country is ICO project because of so many scam ICO project appeared so they just wanna protect their investors. Very soon, China will legalize cryptocurrency as their main local currency - Yuan.

[kripkiki12]

I don't get how they have chosen this 25 tokens.
They should have done it at least for top100 coins.