[report] net Beijing on September 7th news (Xinhua News Agency) ICO (first token issue) was finally ushered in the supervision of boots landing, the central bank, announced strict management of ICO network information office, the Ministry and other departments 7 days before. Harsh words immediately triggered fierce market reaction, a number of platforms to suspend ICO business, bitcoin and other virtual currency prices across the board "flash collapse", the illusion of individual investors, "one dollar and one villa" dream completely shattered. Experts and investors believe that supervision timely shot help punctured ICO foam, follow-up supervision in repaying the tokens is the implementation of the difficulties, still need to refine the program, to let the market return to reason.

Regulation boots landing virtual currency collective fall

"Although ICO has always been aware of the regulation is not far, but there is a fluke." Investor Liu Peng has both directly participated in ICO and bought tokens through the exchange. He through a domestic virtual currency trading platform, to each 58 yuan or so to buy "leading" token small ant shares, only two months straight went straight to 300 yuan, 50 thousand yuan investment, let him profit about 200000 yuan. But the regulatory wind tight, small ant stocks continued to fall, when the ICO regulation landing, the price fell to 100 yuan instantly.

Research analysts believe that the current regulation is mainly aimed at the frenzied ICO market, will directly hit ICO issued tokens. Although bitcoin does not belong to ICO issued tokens, but under supervision, there is "flash collapse."". The data of fire coins network has entered a "display, each 30 thousand yuan mark for bitcoin, landing in regulatory 24 hours had dropped to 22592.31 yuan, compared to 3 days ago the highest price nearly million yuan.

At the same time, Wright coins, etc. have a classical Ethernet with the fall, the two class market in the "cut" tokens is meet the eye everywhere. Liu Peng 3 months ago to 2000 yuan to buy more gold coins to 5 clouds, when the value of only 93.28 yuan.

"The announcement mentioned that all types of token financing activities should be stopped immediately, which means that the word" ICO "may become sensitive at home like the word 'gambling'." Gold wallet chief researcher Xiao Lei said. The fate of tokens became uncertain, but in the professional opinion, this is perhaps the beginning of worthless "air money" zero.

Foam punctured, the market will return to reason

With the rise of bitcoin and etheric square, ICO, which relies on block chain technology, appeared in people's field of vision in recent years. Because of the myth of "getting rich overnight", the market is becoming more and more crazy. The arrival of regulation at the right time, to help as soon as possible to eliminate the bubbles.

"ICO, actually, it's IPO's edge ball." The financial center of the Internet Suning financial research institute director Xue Hongyan and other insiders pointed out that the ICO block chain world IPO (initial public offering) itself, but the ordinary shares of the company and IPO sales, ICO sales tokens, form more similar chips. The announcement will ICO as in essence is a kind of unauthorized illegal public financing behavior, suspected of illegal sale promissory notes, illegal issuance of securities, illegal fund-raising, financial fraud, pyramid schemes and other illegal and criminal activities.

Regulation landing, the market crazy beyond imagination. Such as domestic ICO project quantum chain issued tokens, virtual currency trading platform cloud currency network data show that in May 23rd the quantum currency listed trading day up 33 times, which is any investment project is difficult to compare.

National Internet financial security technology expert committee issued the "first half of 2017 domestic ICO development report" pointed out that the domestic ICO services for the relevant platform for a total of 43. Since 2017, the total amount of financing of the ICO project completed by the above platform amounts to RMB 2 billion 616 million yuan, with the total number of participants reaching 105 thousand.