Re:China's Central Bank Bans ICOs
by prostoalex on Tuesday September 05, 2017 @02:19AM
(#15172911)
You are a Chinese miner with a rather large BTC or ETH balance. There's no retail acceptance of either for you to spend your cryptocurrency, and the closest you can get to converting it to cash is through Bitfinex in Taiwan and even that can be filed under "maybe" https://crushthestreet.com/articles/breaking-news/bitfinex-h...
ICOs are among the few remaining opportunities to achieve liquidity for large BTC/ETH account balances.
ICOs are among the few remaining opportunities to achieve liquidity for large BTC/ETH account balances.