Kyber ICO will exclude Chinese citizens - News

in #bitcoin7 years ago

Recent Chinese news on ICO bans seems to have affected the international community as well. KyberNetwork has just announced that they will "exclude Chinese nationals/citizens from out public token sale.". There was considerable interest in China regarding Kyber, and this announcement is sure to leave many Chinese unhappy and angry on slack.

Screen Shot 2017-09-11 at 1.11.16 PM.png
https://twitter.com/KyberNetwork/status/907062006229778432

Another ICO that has recently banned Chinese citizens is Red Pulse which will be conducted on the NEO platform. This decision was shocking because NEO is a Chinese developed and focused platform. By excluding Chinese citizens, they are potentially excluding a large audience base.

Although it has been confirmed that the recent Chinese rumblings are only a temporary measure, that has not stopped these decisions from happening.

Article posted on http://boxmining.com/kyber-ico-will-exclude-chinese-citizens/

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Hey boxmining,
Thanks for sharing

ico's are dead

They have decided according to risk management due to government policies and not about prejudice to Chinese people...

yup for sure!

KyberNetwork KyberNetwork tweeted @ 11 Sep 2017 - 02:03 UTC

After careful considerations, we have decided to exclude Chinese nationals/citizens from our public token sale.

Disclaimer: I am just a bot trying to be helpful.

Why do they do that is that right or wrong thanks for sharing upvote for you

if the chinese are okay with it then it's a proof that decentralised services or products are completely irrilevant and useless in china... unless the crowd stops being so submissive and stops acting like they are slaves and worth much less and obey the government as their master and give up their freedom because some people with suit and ties who aren't even elected by the public make decisions on how to live and not for 1 billion of people.... its just sad, strange, unbelievable that those billions of people act so weak about this topic

Kyber has KYC, so you need to take a photo with your ID. so chinese citizens will have their whitelist revoked.

I mean why are the chinese thesedays still so submissive to what their government wants that is restricting their freedom of choice on line and stuff.. out of what any cryptocurrency needs... if they constantly have to watch out for he restricting laws and rules.. it's communism there yes, I witnessed it with my own eyes in 2012 when traveling across china how affraid they are of the government.... when you said twitter of facebook back then they completely shutted down and showed fear... it's insane.. and nowdays why are they still acting like the government is god and they are ants... it's sad to see In my opinion.. it should be the other way around because there are billions of chinese

twitter and facebook was blocked by the government via the great firewall (or golden shield).

nice post

thanks

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