CoinDash Believes China's ICO Regulations Are Good for Investors

CoinDash, the cryptocurrency social trading and portfolio management platform, has commented on the recent anti-ICO action taken by several Chinese authorities led by the the People’s Bank of China (PBOC). The company has also notified investors about an integration with cryptocurrency exchange HitBTC that added its CDT token for trading.

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Trying to reassure clients about China's latest move, the CoinDash team explained: "The Chinese government is not the first to issue ICO related Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term and is definitely not against Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term technology. One of the most advanced researchers and Blockchain technology leaders is the PBOC. We believe that the recent publication is meant to regulate fraudulent ICO activity in the blockchain industry. In the long run, this decision will benefit the space as funds will flow to quality projects and investors will be better protected.

CoinDash is not a Chinese company. Our Shanghai office will keep being active and we will keep growing our local operation. Ever since the beginning of this project we were very clear about the fact that CoinDash product, vision and company are here to stay. Nothing has changed."

The team announced that the first integration for CoinDash is complete and that its CDT token is now listed for trading on the cryptocurrency exchange HitBTC. "One of the reasons for us delaying listing for a few weeks is due to the fact that we are currently working on integrating our platform with cryptocurrency exchanges, our first major listing is HitBTC."