Cindicator’s response to PBOC’s decision
Dear Cindicator’s friends and partners,
As you know, on September 4, 2017, People’s Bank of China, the Central Network Office, the Ministry of Industry and Information Technology, the State Administration for Industry and Commerce, and the China Banking Regulatory Commission issued a joint declaration declaring certain fundraising token sales and certain cryptocurrency exchanges illegal in China. The full Chinese language text of this declaration may be found here: http://www.miit.gov.cn/n1146290/n4388791/c5781140/content.html
During the last few days we have been working together with a number of respected international law firms on our stance here. We came to the following conclusion:
- First, we share the intentions of regulators from different countries to make the market more transparent and safe for investors (especially for non-professional individuals).
- Second, we want to protect CND holders and our company from all possible risks, including legal risk. We have big and sophisticated technological goal and there is a long road ahead of us to achieve them.
Thus we decided not to sell our infrastructure tokens to citizens of the People’s Republic of China. We will wait for more clear rules and normative acts regarding issuance and distribution of infrastructure tokens from the People’s Bank of China.
We are not leaving the Chinese market, in any sense. For us it is one of the most important directions for development and distribution our products and technologies.
We will for sure create products and solutions especially for Chinese market in the future: our crowd-forecasting platform and analytical products for traders, investors and funds. After the ban is lifted and more clear regulations are formulated we will be able to open a company in China and connect this market to our ecosystem
We will save all applications for the current White List and will pay attention to them in the future, when we will enter Chinese market. All the applications received now will be in priority in the future regarding possible products for Chinese market.
We would like to stress out that the new regulations only affect citizens of the People’s Republic of China. Citizens of Hong Kong, Macau, and Taiwan as well as foreign citizens living in the PRC can still participate in our White List Token Sale.
We believe that in the near future the regulations will be formulated clearly and we will be able to focus on them to make our ecosystem accessible by citizens of the PRC. Meanwhile we want to remind you that the fastest and the easiest ways to become a part of Hybrid Intelligence infrastructure is to download our app and start making forecasts. We invite all PRC citizens who wanted to become part of the Cindicator but are now excluded from the sale to join us as forecasters and to invest their intelligence. The app is available in Appstore:
https://itunes.apple.com/us/app/cindicator-earn-money-by-predicting/id1050619919
and in the Google Play Market:
https://play.google.com/store/apps/details?id=com.cindicator
Together we will build strong and secure Hybrid Intelligence Ecosystem!
Yours,
Cindicator Team
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亲爱的Cindicator的朋友和合作伙伴。
“2017年9月4日, 中国人民银行、中央网络办公室、工业和信息化部、国家工商行政管理总局和中国银行业监督管理局发布联合声明, 宣布某些筹款令牌销售和一定的加密货币交流非法在中国。
该声明的中文全文可在这里到:http://www.miit.gov.cn/n1146290/n4388791/c5781140/content.html”
在过去的几天里, 我们与几家知名的国际法律公司紧密合作, 以发展我们对中国监管机构声明的立场。
首先, 我们同意来自不同国家的监管机构的愿望, 让投资者 (尤其是非熟练的市场参与者) 更加透明和安全。
其次，我们要保护该令牌持有者和公司，以避免法律风险。我们有一个巨大和复杂的技术目标, 并有很长的路要走。
因此, 我们在目前的令牌销售中决定不向中华人民共和国公民出售我们的令牌, 并等待中国中央银行有关生产和销售基础设施令牌的更明确的规则和规定。
我们永远不会离开中国市场。对我们来说, 这是在发展和我们所有产品和技术的分配方面的优先领域之一。
我们将来一定会为中国市场提供产品和解决方案:预测平台和分析产品为贸易商, 投资者和基金会。随着禁令的解除和制定更明确的规定, 我们将能够在中国开设公司, 并将这个市场与我们共同的生态系统联系起来。
我们将把所有的申请放在我们的白名单中, 并在将来开始和进入中国市场。所有收到的申请将在未来为中国市场的可能产品优先。
我们强调, 新的限制只适用于中华人民共和国公民。香港、澳门、台湾的公民和居住在中国领土上的外国人仍然能够购买我们的基础设施令牌。
我们相信, 监管将在不久的将来明确阐明, 我们将能够依靠它们, 使我们的生态系统能够向中国公民开放。同时, 我们提醒你们， 成为混合智能基础设施的最快和最简单的方法是下载我们的应用程序, 并开始作出预测 (IOS, Play Store), 投资你的智力。我们邀请所有想成为 Cindicator 成员的中国公民, 但由于限制而无法加入我们的预报员。
我们将共同建立一个强大和受保护的混合智能生态系统!
Cindicator 团队。
