News for hackers. Stuff that matters.
Re:The China ICO Ban by AndrewKemendo on Tuesday September 05, 2017 @02:50PM (#15178060)
Absolutely disagree. The amount of scamming and corruption (at least in the western perspective) in the Chinese economy is mind-boggling and they don't bat an eye at it.

The CCP cares about population destabilization and independence movements above all things. Economic control starting at the provincial level up through the CCP is job 1. The CCP is very watchful over their provincial governors getting too much power and alternative currencies offer them a potential way for provinces to exploit their local power.

Re:The China ICO Ban by Iv on Thursday September 07, 2017 @12:38AM (#15189173)
Scams and corruption are one thing, exponentially growing pyramid schemes are another. If you are a market regulator who don't have the resources to go after all the wrongdoings, going after the >$1B pyramid schemes are your priority.

Some countries like Albania had very damaging scams that implied a sizeable percentage of their economy.