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/biz/ - Business & Finance

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3376636 No.3376636 [Reply] [Original]

The FUD over the China ICO ban seems to be over. After causing a global panic on Monday with the announcement of an ICO ban, a Chinese official has clarified the position saying that China will look to resume ICOs in the future after establishing licensing regulations. This was done via an interview on CCTV-13, a national television channel in China. When asked about whether the ban could stop innovation in the Blockchain Space, the official responded that this was not the intention of the ban and it was meant to protect investors.

Check a (poor quality) video recording of the CCTV-13 interview:

http://www.miaopai.com/show/dVaBJDt-e17CegTNejRK3Yucmb-COufKeVOduQ__.htm


China ICO ban Timeline
Of course, this is a TV interview and may not represent the opinions of all the policy makers were involved in the decision process. But as it stands it seems like ICOs will be back in some form or the other.

>> No.3376640

>>3376636
BUY NEO NOW IDIOTS BEFORE YOU CANT AFFORD IT

>> No.3376650

Still banned until further notice. No moon.

>> No.3376661
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3376661

>>3376636

Typical chinks double langage

Meanwhile, do you really think Western countries will let all these ICO-scams going ?

>> No.3376674

NEO is still shit lmaoo

>> No.3376691

>>3376661
legal in australia and many euro countries

>> No.3376716

>>3376661
EURO-ALPHA here.

Nothing illegal yet YAHOOOOOOO

>> No.3376732
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3376732

>>3376650
>>3376674
stay salty, no neos

>> No.3376922

>"hey guys we're gonna ban this ICO shit"
>price nosedives
>government officials and regulators snag up shitloads of NEO for cheap
>"oh btw about that ICO stuff, we didn't mean like totally ban dw"

Lawsky-tier manipulation

>> No.3377174

>>3376636
They said on Monday that it was a temporary ban. The people that freaked out are the ones that solely rely on /biz/ for their crypto news.

>> No.3377186

>>3376922

They said that to begin with. Ban was just FUD.

>> No.3377354

>>3376636
I thought this was obvious from the start. They didn't actually "ban" anything. They just acknowledged that it is illegal and that regulations are being put into place in the near future. Whales then used that as an excuse to accumulate.(causing a chain reaction which crashed the market).

>> No.3377918

>>3376636

get out baron trump