Post
Topic
Board Altcoin Discussion
Re: Effects of ICO ban in China
by
magz
on 03/10/2017, 16:02:34 UTC
What do you think will happen to crypto currencies following the latest news on the #ban on ICO in China?

will the already successful ICO's refund people's monies to them?

Is it good for governments to ban the use of crypto currencies?


Tell me what you think about any of these.  Smiley

I am not in favor of totally banning the ICOs in China. Because ICOs is very helpful for those dev teams to have financial support to execute their project. We all know there are a lot of great ideas in ICOs. But I want them to be strict and have a policy for those who want to launch their ICO. ICOs is a fundraising for the financial support of certain project. Because of that, those criminals are taking advantage of this kind of fundraising that is why they doing this then after the ICO, they will just disappear. It is called fraud. That is the reason why it is very alarming in China to the point they banned some exchanges and banned those ICOs that they proved as fraud.