Post
Topic
Board Altcoin Discussion
Re: ICO forbidden in China? Will same thing eventually happen in all countries?
by
mangodream
on 05/09/2017, 21:16:36 UTC
Recently the government of China has forbidden all ICOs and initiated a major check of all projects. Moreover, all ICOs now have to return the funds to investors.
Do you think same thing might happen in other countries as well, or everything will stop on China?

Yes it could happen elsewhere.
I think we must not lose sight of the fact that Bitcoin and cryptocurrencies are creating a new economic system which is a thread for central banks, state institutions and so on. And states and banks are still very powerful! So, they could present cryptocurrencies like something bad, dangerous, not safe, and they could make them illegal to protect themselves.