Quote from: icreative998 on July 29, 2018, 02:43:36 PM

Quote from: sosobtc-Regina on September 05, 2017, 01:54:00 AM

https://www.sosobtc.com/article/23790.html

Chinese government recognized all of ICOs are illegal,all of related platforms must stop offering services for ICO projects,it seems that is just a start,the regulation of ctyptocurrency is on the way.
Some ICOs refund to their investors already,but this event has an effect on cryptocurrencies including bitcoin,the prices droped seriously.
How do you think of that? Good or bad?

Because China is so populated, their governments fear a new currency will cripple the economy, not control the ctyptocurrency. So I think this problem will greatly affect the price and development of ctyptocurrency. Because China is a fertile market

The thing is if people within the communist party begin to invest or use BTC for their own personal gain, they might let it go. If they are corrupt and looking for ways to take advantage of that, BTC is probably useful. Not that I condone corruption of course, but just being realistic.