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 state run 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. The explicitly said this was a “Stop” and not a “Forbidden” . The interview proceeded to mention Fintech and the benefits of it. One important take home is that talk about “regtech” – regulation technology, something that might be implemented in the future to allow ICOs that really need the money to be controlled and licensed.
Check a video recording of the CCTV-13 interview:
http://finance.chinanews.com/shipin/2017/09-06/news730639.shtml
Who was interviewed and it matters?
The interviewee, Hu Bing is from 中国社会科学院金融研究所 ( Institute of Finance and Banking, an academic research organization that’s only loosely affiliated with the State). This is important because he is not a major government official and the choice of the speaker is very strategic. Depending on how you interpret it, the speaker could represent the current line of thought for the government but also allow room to change their opinion if things go awry.
Discussion on Boxmining
How are we sure that guy represents the government? He’s the deputy director of the Chinese Academy of Social Sciences, an academic research organization that’s only loosely affiliated with the State.
i believe he was speaking for the government, otherwise he would not be allowed him speak this way on state television.
doesn’t matter, we need fomo.
Buy NEO and wait for two weeks. thank me later.
Thank you in advance 🙂
How do you know that NEO is still a good buy ?❓
trust me but I don’t have time to explain. just buy few if you have less money.
“will look to resume ICOs in the future after establishing licensing regulations”
So this is a nice way of saying they will drown this in so much paperwork and red tape Chinese ICOs will be an urban myth to tell your great great grandchildren about
What you said, we don’t forbid you, but you just have to fullfil these jaw-droping impossible terms.
So rather than buy NEO, why not buy LTC or ETH ?
because they are already up. Don’t buy LTC after ATH. Never. ETH is good but less ROI.
LOL! as if NEO didnt have a MASSIVE bullrun with ATH just couple of weeks ago…Try a different argument kid!
hi guys, someone have info about Aeternity ? this should be the third generation of blockchain
fuck aeternity greedy ass scumbags
Totally agree on this one.
[…] ■ 中国 ICO規制について ライセンス制を確立した後に、ICOを再開する見通しの模様！ 確定ではないので頭の片隅程度に http://109.199.119.140/~boxminin/boxminingmedeveloper.temp927.kinsta.cloud/china-ico-ban-temporary-will-introduce-licensing-soon/ […]
[…] http://109.199.119.140/~boxminin/boxminingmedeveloper.temp927.kinsta.cloud/china-ico-ban-temporary-will-introduce-licensing-soon/ […]
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What you said, we don’t forbid you, but you just have to fullfil these jaw-droping impossible terms.
What is all the FUD about?! It’s newbtorious. lol. Between Feb 9 and May 31 both OKCoin and Huobi suspended withdrawals. During that time they and the smaller exchanges implemented the KYC And AML reg’s the PBoC asked for. Why would the PBoC come in and stomp on them again?
https://cointelegraph.com/news/breaking-chinese-exchanges-resume-withdrawals-bitcoin-likely-to-surge
did the suspension multiple times. they do it to show who is boss
[…] his interview with CCTV translated by Box Mining, Bing explained that the suspension on ICOsand the government’s declaration of ICOs as an […]
Video is down guys..
Must have gotten deleted or something.
Ahh man. That’s something I would want to watch.