Update from China! Binance, NEO, OmiseGo, Walton, Redpulse! Should you sell these coins?!?!?!
Hi, so if you're not living under the rock, you know that China has banned ICOs, and the whole market has taken a toll.
Specially the Chinese and coins listed on Binance.
source : coinmarketcap
Does this mean you should all the coins you've been holding are illegal and you should sell?
Probably not.
Posting some official updates from the coins I've mentioned, maybe that will make you happier. It's not really as bad as media is making it sound.
Don't fall for FUD.
Okay, here we go.
Binance:
Binance will return all the ICO money to all its investors to start with.
They're also going to make sure they follow all regulations
Also they're already complying the local laws.
Redpulse Token:
ICO on 10th September.
So Redpulse is a company based in H&K and they had already banned Chinese from participating in the ICO, here is an official statement
OmiseGo
They're all chilling in here.
Walton Chain
Well, they're based in Honkong and companies where they are traded Binance is in HK and Allcoins is in Canada.
NEO
NEO is compliant as much you can be, and has another branch making Blockchain technology for the Chinese Government.
NEO believes regulation is good.
tl;dr
So there's not much to be worry about these companies are mostly not going anywhere and aren't illegal, if you're HODLing and were scared that your favorite company is illegal. I don't think you should.
If you have anymore requests or any other company you want me to cover, just comment I'll give you an update.