Ninjastic
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Post
Topic
Board Altcoin Discussion
Re: Should We Be Panic Of ICO Ban?
by
Argoo
on 06/09/2017, 05:46:19 UTC
Quote from: CryptoClown on September 05, 2017, 07:48:30 AM
Quote from: VTS on September 05, 2017, 07:37:54 AM
Quote from: blockchainmarketus on September 05, 2017, 06:46:03 AM
The price of altcoin and bitcoin drop. Should we be panic? What do you think of the situation. Will ICOs stop because of the ban by China, Russia and Korea? Will others follow those countries? What is the future of ICO?

I would only panic about investing in scam icos.

Other there are 2 scenarios for me:

1. Atm we have 4 countries regulating icos that is by far not "ALL" world. Other countries will slowly follow and icos will be regulated everywhere. The regulations will force issuers of icos to register a company, be transparent, pay taxes and give guaranties to investors and be fully legal responsible.

2. Not all countries will follow, anonymous coins will rise and icos will be held in countries with no regulations. Everything will work as before...

Same thoughts. There's no need to panic as there are still other countries who can hold ICO's and everything will be back to normal soon. I am sure the developers of these coins will find a way to brings things back as the way before.
Really. The Chinese government will only force the organizations to work in the part of holding the ICO openly and transparently, which will exclude the possibility of fraud. Therefore, do not panic. In any case, the existing crypto currency will not affect the market. On the contrary, since the released funds will be invested, this will strengthen such coins.