future ICO could be restricted in China ---leaked by insiders from mainstream exchanges

in #bitshares7 years ago

Leaker

Tianwei Huang, CEO of btc38.com which is the biggest altcoin exchanges, leaked in his close friends group that the China government has entrusted him to investigate the present situation of all ICOs in the market. This news results in a slight drop of all altcoins. He then deleted this news but this news has already been captured by others and widely spread.

A rough translation of what he says is as follows:
Today, a whitepaper plus a copy of codes can attract tens of millions dollars, this is way too crazy. Everyone expect to cash out from exchanges, but this can not last long. The government has entrusted me to investigate the present situation and report it to them. So, manage the risk by yourself. Restriction and curation will come for sure.

A plunder of wealth from China?

It is believed that government is unhappy about the recent hot ICO market due to the possible risk related to money laundry and wealth plundering.

For example, STATUS is a latest ICO which was so popular that even made the network of ETH in jam. It changed its limit cap by 10 times and got more than 100 million dollors. More interestingly, it restricted the investment from American IP due to US law, but it's open to the rest of the world. Some people are worrying that these ICOs results in the loss of wealth from common people. However, since all ICOs have already under the watch of government, I believe they will catch you if you abuse the fund or do evils.

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比特时代黄天威泄露,政府已经盯上了最近的ICO乱象,据说是因为太多无良的ICO专门来骗中国人钱。大家长点心吧。
但相信天网恢恢,疏而不漏,政府会给韭菜们做主的。可能吗???

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Thanks for sharing the news.

I guess it had to be expected from the Chinese government right? I really look forward to see what is going to be the result of all this with the world of crypto currencies. the government seems to be investing a lot of energy in preventing the rise of cryptos and it makes me wonder to what extent they are working on this case...

I'll keep following the news regarding this subject very closely. Thanks again and namaste :)

I think that is why ANTSHARES has been on rocket ship lately! They are one of the coins that China recognizes....any thoughts?

Very possibly.

What price do you think ANSHARES is going to get up to?

Do they have anything resembling a functioning product yet? It's one of the many things I haven't gotten around to properly researching yet...

interesting, thanks

I liked very much what I saw in your profile very good articles, thanks for sharing I hope to continue enjoying your success articles and congratulations again.

一切才刚刚开始,赶紧健身,各位

thank you for sharing

弱弱的问, 啥是ICO?

Initial Coin Offering, 就是最近很火的各种币众筹

简单的说,股市有打新股, 炒币有打新币 ,哈哈

Thanks for the info!

自己投的ico,被人割了也得强颜欢笑。都用eth众筹的,顶多国内平台会受限制,eth会被部分限制,置于谁给你做主,自己做主差不多

Yep, there is an ICO fever all over the world. People are investing tons of cryptos just in nice presentations...

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