#80 Before China ICO Ban, PBoC Visited SF USA for Blockchain Regulation Tips
The world is gripped by fear, uncertainty, and doubt (FUD), as it seems that China has proceeded to ban all ICO's in their nation. While we're not sure if this is true or the extent of this government FUD, we do recall what Warren Buffett said, to, "be fearful when others are greedy & greedy when others are fearful". Today, in our prequel news, we review the story about the "research delegation", which had visited Coinbase, Ripple, Circle, and other blockchain companies in San Francisco, last week, and this included the People’s Bank of China (PBoC), to understand a “significant” issue of cryptocurrency.
So, in meeting with various US blockchain companies, What was the mission of this delegation? Why were they focused on "the US approaches, to Blockchain regulation"? And do we know the number of "effective and valuable conclusions" that they reached, in the past few weeks here, before this latest ICO announcement today? Let's Discuss!
=== Show Links ===
► http://coinmarketcap.com/
► https://cointelegraph.com/news/china-regulators-visit-coinbase-others-to-discuss-significant-crypto-issues
► http://www.pbc.gov.cn/goutongjiaoliu/113456/113469/3374222/index.html
► https://techcrunch.com/2017/09/04/chinas-central-bank-has-banned-icos/amp/
► https://www.reddit.com/r/Bitcoin/comments/6y10sk/this_is_why_bitcoin_dropped_in_value/
► https://www.reddit.com/r/Bitcoin/comments/6xz2kn/here_we_go_again/
► https://www.reddit.com/r/Bitcoin/comments/6xmift/spideys_advice/
► https://www.reddit.com/r/Bitcoin/comments/6xtawb/hodlers_vs_the_dip/
► https://www.reddit.com/r/Bitcoin/comments/6y1hx4/i_will_buy_10_of_bitcoin_everyday_instead_of_my/
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upvoted and followed you if you like salaheldeen0 please upvoted and follow me lets help each other :)
Thank you!
That's why the crypto prices got smashed across the board recently. For those who don't understand the history of cryptos, now is the time to learn the basics now. The future of cryptos is bright and since we are barely scratching the surface right now, there is still time to get in. This correction will come and go, and before we know it, the prices will be higher again. If you are not a day trader, you should not be affected by the volatility in this space.
The markets go up and down, with hype and fear, know BTC is limited and dollar cost averaging is a strategy.
nice. it looks though that this sell off was premeditated and expected. Check out this post: https://steemit.com/crypto/@sandalphon/perfect-time-to-buy-bitcoin-and-other-crypto-currencies.
Yes, it is very interesting! Be careful out there, a lot is changing very-very quickly.
The big problem I have with big government's big regulation is that rarely do I see it work effectively with the biggest criminals in the securities/exchange world. So it is hard for me to trust that it will this time either, or that it is even meant to.
Each country has different rules for different groups of people, Each country is in the process of placing regulation on crypto, Yet, the rules of blockchain apply equally to everyone.