Quote from: Irvinn on March 28, 2018, 08:04:03 PM

Quote from: The BlockRx Project on January 25, 2018, 07:22:01 PM

Chinas government is starting an all-out war against bitcoin and other digital currencies by banning fundraising through initial coin offerings and shutting down all mainland digital currency exchanges?

China did not declare war on the Crypto-currency. In September last year, the Chinese government announced a crypto currency threat to the country's economy due to the fact that with the help of its out of the country could withdraw funds uncontrolled. With regard to the ICO projects, they immediately warned of significant fraud and the need to protect the rights of investors. All this time, the Chinese government was looking for ways to solve this problem. Recently, there has already been allowed the possibility of authorizing an ICO, but regulated by the state. Thus, China is gradually returning to the usual way of using crypto currency.

State regulation is an unusual state for the ICO. It seems to me that China seeks to build an ICO system with one-way traffic. Under fictitious pretexts, they block access to external ICO. So they want to stop any possibility of withdrawing capital from China. But I do not believe that the Chinese will be able to close their borders.