Quote from: karmamiu on September 05, 2017, 04:22:54 AM

Quote from: cellard on September 04, 2017, 11:28:57 AM

Quote from: MAbtc on September 04, 2017, 06:44:14 AM

Quote from: hl5460 on September 04, 2017, 03:57:56 AM

#ICO is termed as "unauthorized illegal public financing" and "suspected of illegal fundraising" in the regulation paper.

https://twitter.com/redtheminer/status/904541548599164928

Very interesting. I look forward to the translation. Is it painting all ICOs with a broad brush -- are all ICOs considered to be illegal? Or just some, like the SEC suggested for Americans?

Anybody have any idea how big the Chinese market is for the ICO sector, and whether this will curb Chinese investment? Or will people just ignore the regulatory guidance and/or use VPN to get around any restrictions placed by ICO administrators?

Everyone that wants to invest will still find a way to invest, there are an endless sea of VPNs now to bypass stupid bans. Also when it comes to regulation, China seems to be too stupid to realize how by doing this they may be losing on the next legit coin that challenges Bitcoin and may be funded thought an ICO. They are stopping innovation. I understand that people that aren't knowledgeable should be protected from scammers, but not at the cost of killing all possible innovation founded through an ICO. ICO doesn't mean guaranteed scam, so I hope this ban doesn't mean a ban of all ICOs, but some ICOs.

I guess they saw crypto currency as a threat to their country and maybe they really think that it does that is also maybe why they see it as illegal, but it is just in my own point of view. Well still investors doesn't really care anything about that, and i usually think and according to what you said they will finds its way to invest for their own good, besides we cannot stop them by just telling, it is their own money and decision in the end.

they saw ICO as a threat. Bitcoin is just too strong and too decentralized to ban, as one pboc official admit. ICO-based coins are centralized and vulnerable to censorship.