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RE: China Bans ICOs, Is This Good News Or Bad News?

in #cryptocurrency • 7 years ago

I dont think these behaviors are solely in the crypto market vacuum. Consider also the pending thermonuclear war between the US and NOKO, particularly since SOKO and Japan stand to suffer tremendous losses if anything goes wrong and China/Russia face the disaster of refugees pouring across their border if there isn't total annihilation.

Markets getting shaken, imo. China is trying to pull in as much yuan as they can as uncertainty increases.

7 years ago in #cryptocurrency by
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     7 years ago 

    Certainly, there are some self interest here

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     7 years ago 

    I think you're right to look at the move as a part of the larger geopolitical fabric. My initial thought when I saw the news was that a) the CCP is looking to protect against capital flight. Their economy has been in a bubble for some time, and an unregulated securities market is certainly a threat, especially as tensions rise in their corner of the world.

    The good news is that they're working towards diffusing tensions w/India: https://www.msn.com/en-au/news/world/india-china-agree-to-pull-back-troops-to-resolve-tense-border-dispute/ar-AAqUD6v

    And so I agree with some of the other commenters here, too, that this announcement might also be a way for them to bring some semblance of stability for future investors, i.e., their pals. They're very interested in cryptocurrencies, and so they want to make sure they don't get fleeced.

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       7 years ago 

      pocketsend:100@blakemiles84, China may want to attract capital from the outside by China regulated ICOs?

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         7 years ago 

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         6 years ago (edited)

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