The clampdown to regulate and consolidate cryptocurrency will allow angry and disgruntled millenials a chance to make money without a great paying job, buy a home and give them optimism until the reality of the 20th NCCP meetings in 2021 by which time the grand solar minimum will have wiped out most growing regions in northern china and sent food prices skyrocketing.
- Based on past moves prior to the NCCPC, there will be a consolidation of cryptocurrency exchanges and ICO rules overseen by the Politburo and PBOC with full tax statutes and governance / regulation /audits.
- Increasing food prices brought on by the continuing grand solar minimum intensification, 380 million millenials and inflation are the biggest worries in the crypto space, diverting capital from traditional markets.
- To allow the disgruntuled millenials a chance to make money, crypto currency will make a huge comeback in China Jan/Feb 2018 along with the develpoment and implementation of soverign coin offerings and hybrid-corporate coin offerings.
China ICO and Cryptocurrency Exchange Re-Launch Jan /Feb 2018
中国人民银行 中央网信办 工业和信息化部 工商总局 银监会 证监会 保监会关于防范代币发行融资风险的公告The People's Bank of China Central Office of the Ministry of Industry and Information Technology Ministry of Industry and Commerce, Banking Regulatory Commission, China Insurance Regulatory Commission on the prevention of the risk of tokens issued financing http://www.pbc.gov.cn/goutongjiaoliu/113456/113469/3374222/index.html
Uncertainty Lingers In China as ICO Exchanges Begin Customer Refunds https://www.coindesk.com/uncertainty-lingers-china-ico-exchanges-begin-customer-refunds/
https://www.coindesk.com/coindesk-research-ico-interest-grows-funding-nears-50-blockchain-venture-capital/
https://www.coindesk.com/chinas-ico-ban-a-full-translation-of-regulator-remarks/
ICO INFO Chinese ICO exchanges effected LLToken, UIP, CCC, HMS, VeChain, BEX, Atmatrix , Motion, Bodhi, Decentraland https://ico.info/
Shanghai tightens rules on buying second homes to cap soaring property prices 2017 http://www.scmp.com/news/china/policies-politics/article/1930551/shanghai-tightens-rules-buying-second-homes-cap-soaring
Beijing issues new rules to limit house purchase 2011 http://tr.china-embassy.org/eng/xwdt/t795230.htm
Capital Controls http://www.businessinsider.com/chinese-capital-controls-effect-on-real-estate-2017-3
Stocks http://www.scmp.com/content/search/china%20down%20payment%20second%20property?page=3&f[0]=im_field_topics%3A285096
http://www.scmp.com/content/search/china%20down%20payment%20second%20property?f[0]=im_field_topics%3A285096&f[1]=im_field_topics%3A319846
http://www.scmp.com/content/search/china%20down%20payment%20second%20property?page=24&f[0]=im_field_topics%3A271838
http://www.scmp.com/content/search/china%20down%20payment%20second%20property?f[0]=im_field_topics%3A319846
https://sputniknews.com/business/201501191017062629/
China bans companies from raising money through ICOs, asks local regulators to inspect 60 major platforms https://www.cnbc.com/2017/09/04/chinese-icos-china-bans-fundraising-through-initial-coin-offerings-report-says.html
19th National Congress of the Communist Party of China https://en.wikipedia.org/wiki/19th_National_Congress_of_the_Communist_Party_of_China
https://tradingeconomics.com/articles/02102017035858.htm
Red Pulse ICO http://cryptocoindaddy.com/red-pulse-ico-not-open-to-chinese-users/
http://cryptocoindaddy.com/ripple-and-central-bank-of-china/
Sang Culture Millenials http://www.scmp.com/news/china/society/article/2109776/why-chinas-gloomy-millennials-have-got-authorities-worried
Forget privatisation, Xi has other big plans for bloated state firms http://www.scmp.com/news/china/economy/article/2109943/how-china-making-its-state-firm-dinosaurs-bigger-and-richer
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