News for hackers. Stuff that matters.

A comment on The China ICO Ban. Parent comment

Re:The China ICO Ban by AndrewKemendo on Tuesday September 05, 2017 @12:55PM (#15176965)
Not a solution. You're just moving things around - and it looks even worse because now you're structuring or laundering.
[ Parent | on HN ]
Re:The China ICO Ban by stale2002 on Tuesday September 05, 2017 @01:03PM (#15177056)
Are you arguing that it would be illegal for french people to buy x-coin at ALL?

Thats completely different from "conversion" bans that you were talking about before.

Sure, you can ban the use of all tokens, but a conversion ban between 1 currency and another makes no sense.

[ Parent | on HN ]
Re:The China ICO Ban by AndrewKemendo on Tuesday September 05, 2017 @01:15PM (#15177154)
Makes perfect sense and has been traditionally the way nations control political revolutions.

https://en.wikipedia.org/wiki/Foreign_exchange_controls

the Greenback<>Greyback exchange situation during the civil war was also an interesting example of this.

I think anyone doing anything in cryptocoins needs a serious lesson in monetary history and policy.

[ Parent | on HN ]