Quote from: Alphi on September 04, 2017, 01:00:29 PM

Quote from: Ashara on September 04, 2017, 12:50:11 PM

https://www.cnbc.com/2017/09/04/chinese-icos-china-bans-fundraising-through-initial-coin-offerings-report-says.html

The most important sentence in that article: "The statement added that enhanced management is needed on digital coin fundraising platforms."

ICOs will be accepted again in China once regulation is in place. I do not mind as this time is perfect to add to my position.

http://bitcoinwiki.co/antshares-blockchain-completes-ico-securing-4-5m-and-microsoft-partnership/

The problem that we have is that ANT Shares AKA NEO was itself launched from an ICO.
The Chinese government has now issued a statement that all ICOs are to be refunded so if they enforce this then it could mean that the NEO developers will have to return all their funds to the original investors.

"Individuals and organizations that have completed ICO fundraisings should make arrangements to return funds, said a joint statement from the Peoples Bank of China, the securities and banking regulators and other government departments, that was posted on the central banks website."

https://www.reuters.com/article/us-china-finance-digital/china-bans-initial-coin-offerings-as-illegal-fundraising-idUSKCN1BF0R7

It's too early to say whether the Chinese government will enforce this but interesting times indeed.

The bigger risk IMO is if NEO gets suspended from trading on Chinese exchanges because was an ICO.

That happened a long time ago. Notice how the SEC has handled it. The SEC has accepted all ICOs that already took place. China cannot just do it differently now when they did not do anything for years. Antshares started in 2015. China could have done something about it for two years already, whilst OnChain (the private side) was working in tandem with the Chinese government. NEO has a digital identity functionality which makes it the very best public blockchain to comply with regulations out of the more than thousand cryptocurrencies currently available. Da Hongfei also stated that regulation of the cryptocurrency market would be a good thing. Also one has to keep in mind that all these regulations are only intended to protect Chinese investors and nothing but Chinese investors.

Raising ICO money and trading on an exchange are two separate things. Just because one is not allowed clearly does not mean the other is not allowed. This also had been addressed earlier by the Red Pulse team.

All this is temporary until regulation is in place. If you sold now, you just sold low and will probably buy high. I prefer to buy when everyone wants to sell and vice versa and even in the most chaotic of times my return on investment is still equal to Hazzado's who comes into this thread every now and then with the Wolf of Wall Street mentality.