 And we are live. What's up guys? Welcome back to another show. It's been a while, but we are back I got my good friend once again. He's been on here before and that is at it. Addie Creezy Quick little buy of who he is. He is a former CMO of Cointelegraph and current CEO of Block Show run by Cointelegraph. Addie, welcome to show Hey, I'm here and it's a pleasure to be here once again You are one busy person, you know you bit you're in India now and You were in China not too long ago. Hence why we're having this video call During your time in China, obviously the Chinese news came out with Bands on ICOs and you had the opportunity to speak with many individuals in the crypto slash blockchain space Currently in China. So my question to you since the title of this We know webinar, whatever you want to call it is that you know China ICO ban What did you learn when you were over there? What was the consensus? What was happening during this time? Yeah, okay, so we're getting all this China ICO ban, right? So when it just arrived to China, it was like I guess one day after the actual ban and That was Beijing, you know, so Beijing is the is the capital So it's the political capital and everything is happening there, right? So and the first thing that Happened all of the all of the conferences were late and they were canceled So I actually came to visit one conference, but it was moved to Hong Kong So everyone was scared That was the first thing so even even private meet-ups that were held in China at that moment They were really private. So it was not like I don't know. They were not privately Promoted they were all sent only via I don't know even not via WeChat, but via telegram so now it was like It was really crazy stories. I was I was looking for the first meet-up It was like around 30 or 40 minutes, I guess because it was really like far far far in Beijing so that's that was my first emotions and I even was like, I don't know firstly. I was thinking of even What will they do if they know that I have bitcoins or something so that were crazy times and everything everybody was scared but At the very beginning everyone thought that it's just like I see oh bad, right? So everyone thought that they are doing that in order to remove fraud You know how China is Cautious about its citizens and investors and how they do politics. So everyone thought that they're just removing fraud, but When they actually stopped some trading I talked to I Wasn't I wasn't Shanghai at the moment or yeah, it was Shanghai and I was like, you know I was meeting with some guys and the month these guys was bubbly and I saw his face because like before he actually Announced that VCC stopping trading in China. So just it was pretty strange, you know, so no one really understood that it was so serious Right because stopping trading is really really serious. I visited different offices. For example, Huobi Bixin Bixin, right? So this is one of the biggest mining pools and all of the Chinese founders and businessmen at that moment They were really worried about and actually the community was pretty positive The founders themselves were negative because they understood they understand how how it can be, right? And I won't be surprised if for example, I don't know in a couple of weeks or something Even Bitcoin or crypto will be bad, but there is one thing here After around a few weeks, I guess after I came to China And ICO were banned also exchanges were banned, right? So they Do their operations in China? People understood that what I understood is that that maybe it's happening year by year So what is crazy about Chinese government is that before their main summit, I mean the Summit of the party, right? So they have their own annual party summit, communist one Before each one, all of the stuff that is not under their control, they just ban, only ban So maybe After their summit, it will be like in the middle of October someone around one to weeks Everything will change and they will just like you know Come with some regulation on that So yeah, that were my first emotions and That's actually what was happening When I came to China at the very beginning And it's been two weeks since that a couple of weeks since that Has anything changed has anything changed within these couple of weeks? Actually, no nothing changed So it's becoming more serious even more serious everyone understands that it's real ban and that right now You can't you really can't do For example, ICOs or something like that in China, right? So I talked to many projects there that were raising funds Just in China. I won't tell the names of the projects, but for example, one of them raised 50 million They didn't know at all Before this ICO ban that like they even can't go to international market So they were targeting only Chinese one and what we met the first question that I was asked is like Eddie Do now any crypto international crypto exchanges where we can list our tokens or where can we Put up the limits, right? So how we can find investors. So now they are targeting international market So that's what changed actually since this two weeks, right? So all of them are holy. They went they sent their money back It's really so it's not a joke. It's not I don't know media bars or something. They really send all of their money back all of this millions of money went back and Chinese investors now they really have lots of that money and They are focusing right now on the international market. So what we see is that Chinese projects they They are now focusing on international market and some of them They create two projects out of one. So one of these projects is like a foundation somewhere in Singapore focusing international investors and another company is a Chinese company that is Working very closely with the government and regulators in order to create a project for Chinese audience So that's what I can't say changed just like the process that has begun, right? So the Asian market and the Chinese the biggest market is now wholly open to the global and Chinese investors are targeting international projects and Chinese projects that are getting international investors. So that's the process that has begun and Yeah, that's why right now we can see a lot of we will see a lot of agencies opening that are doing some business for I mean consultancy and so on for Chinese investors and projects That's what we will see and that's really cool because you know the initial idea of the blockchain is no borders, so I Guess that thanks to Chinese government now they did that and They opened the borders for was so such a big amount of really great projects, you know these projects that are in China They are enormous. They are magnificent. They are far away far away from what we see for example in Europe Or even in US. They are already doing such things like blockchain in the official intelligence, right? So even even this subject if we if we discuss it can be like one one to two hours But they already raised money for that and already like built the project a real product So the projects that we will now see So they are absolutely great and So, yeah, that's what changed and I assume that like in two or three months New money will be coming to all of this ICO bubble as you as you usually say in your Facebook and YouTube so that's that's what what is happening right now. They are just preparing for that now So for example at our conference, we will also have this stuff. So Yeah, yeah Something like this Do you think this will actually affect Any cryptos in China? Do you think this will actually affect like for example the new Legislation of the laws put down by the Chinese government. Do you think this will affect the other decentralized cryptos as opposed to just ICOs? You mean will this ICO bad effect or the fact that the Yeah So do you see the do you see the Chinese government putting more bans on their exchanges in China? I think that it will be the following. That's what I discussed actually in China. They will take like two three exchanges now Like I guess the biggest one Will wholly show on their example how you need to be regulated So I guess it will be like two three biggest exchanges. Maybe yeah, but I don't know something all of us know what are the three biggest changes so they will take them and Holy show on their example how to regulate what? What are the limits and so on and so forth because when I visited some of their offices? I mean on the exchanges in China all of them shared me with the with me the info that they were already already Before these dads were working really closely with the government and now It will be totally different. So they will have very strict limits. They won't be able to trade like Demounds that they are doing now and what I also predict is that you won't be able to With the draw BTC directly to you one for example. It won't be it will be impossible. So what they are planning to do I think so Is creating their own crypto currency which you can use only And exchange to you want so in order to to do any crypto stuff You need to have like BTC you want or I don't know if you want call it whatever you want And they will begin for for sure with the exchanges. So I see oh, that's one thing They just blocked it because it's hundreds of millions of dollars going out of China But they know that right what they need is keep everything inside like they want like they used to So of course right now they will firstly block the biggest exchanges create their own crypto and start practicing that so start looking how it works But what do you know really? Yeah, do you think they're gonna be creating like economic zone like Macau or Guangzhou for blockchain? I don't think it's me. It's actually necessary. They already have Hong Kong where actually everything is happening all of the conferences that were Declined they went to Hong Kong most of them. So they already have a Help right which they they can use and Through which they can actually send money outside. So I guess it's Hong Kong But even even even they don't need that help You know if you can't if they create Their own crypto. It's done. They don't need any help It's so how do you think the price would be affected you think that would actually re-effect the global price and supply of everything That's an interesting thing because when I was in China and talking to all of the guys and after the first Actually, oh, I was in Kuala Lumpur at that moment. It was one day before I entered Beijing and Crypto exchanges were banned. I guess it was like that. Yeah, and the guy the guy from I Don't remember from which probably from waves I guess came to me and said, okay That's that's a that's a disaster right and I also thought okay. Yeah, that's really a disaster What will be the what will be the price now God? I have all of my savings in Bitcoin what it's happening Yeah, that's really so with my minor and BTC most of them and When I looked at the price, I thought that it will be like one two thousand But it was it felt like I don't know three or four hundred So I looked at the price like in the three hours and it you know At that moment and stood that it's not it won't be affected at all. That was a surprise for all of the Chinese Founders and the exchanges as well, you know, the price is now stabilized. It's it's at the same level as before That was a surprise for I guess so governments to because Before any any single event can influence the price now. It's totally different the interest is so big that Nothing will change and even with more regulator regulations coming. I mean structured and logical ones The price will will be going up because you know, the more regulations come the more rules come I mean in terms of investments into the skin and into the industry the bigger investors are Like looping in because they see the rules. They see that they were But don't you think like for example, let's say I'm an exchange or a minor one of these big mining pools in China And I can't switch my BTC to let's say the rim and B That's just gonna increase OTC. I'm just gonna go to OTC broker and be like, hey, give me American greenback for my Bitcoin It's okay It's okay. So how how do you think why it will so usually influence the price. Yeah My whole point of the regulation doesn't even matter because me as a note as an OTC me as a minor I'll just go to OTC broker. So actually OTC. This is actually good for OTC brokers For them for sure. I mean for them. It's like a new huge amount of commission. Yeah Yeah, but for you know Actually the regulation I continued telling that like during the last one month and At all of the meetups we have regulation It's cool. I mean, I mean, I know many people say like I'm a Totalitarian guy, but but you know now institutional investors will come until they see that The scheme and the industry is regulated. They won't come they won't invest in any industry where they don't see the rules So if you want the market cap to go to trillions We definitely need Chinese government Japanese government Russian you ask any of them to regulate them to say how What's the process look like I think we'll we'll see this we're gonna have two different worlds We're gonna have a regulated crypto world and a deregulated crypto world And it's all on laissez-faire capitalism if you want to use a regulated system by all means use a regulated system But if you want to use a decentralized unreal unregulated no KYC no AML True form of free expression of speech me doing business with you then you have the option So it's not and most people say either or has to be regulated. I'm like no there's room for everybody That's a good point. But what I would like to add to this is it's not like two different worlds I guess anyway the world that you mentioned the second one I mean which is decentralized. It's inside the regulator the regulation one Because if you want if you actually want to come to the real world with all of the with all of your BDC or tokens and some you need to pass the KYC procedure or whatever right, so I Totally agree with you, but with only one addition that I guess it's not too Parallel worlds. It's a world inside another until Bitcoin becomes so mainstream that I don't have to switch it for cash So that's that's what will kill that's what will happen as well But I don't know when and that's a good point because I was I'm discussing this stuff So when we won't eat cash or electronic money or something and no one knows Only my coffee, maybe no, so you know because I always follow his Twitter where he says such crazy things like I don't Bitcoin will be 50,000 or my tennis so we should ask we should ask him I guess yeah, he's an interesting character. We got to get him on the show for sure. Oh Yeah, yeah, yeah, he's I guess he's pretty reachable. So it won't be a problem Why don't you get him for block show at the conference? Actually, yeah, we can try the only thing is that for black show for black show We are looking for more like blockchain solutions founders and so on but my coffee is more more like More like an investor. I guess now or something Yeah, we're more looking for founders like for example you to neo metaverse eos or something like that, you know people that can actually Present their solutions for now. Yeah mm-hmm So, where do you see where you see do you think You guys do you have any insider information or your own personal opinion on With the United States like based on what China saying? Do you think United States is gonna follow or they're just gonna do their own thing? Actually because because SEC just made a they made a public statement about going after ICOs and they just went after a couple of them last week You mean they have this they banned you mean they are banned one after another or you're going after fraudulent ones scammy ones. Yeah Okay, no, but you know in Korea did the same. So it's like Of course, of course I see so if we if we discuss ICO particularly Of course, everyone will will ban ICOs in a in a way. They are done now, right? So all of the all of the countries like like you asked or or China and I guess Russia will do the same Because it's because it's crazy, you know, it's I guess everyone has already Said so much about that and though we don't need to go into detail because Absolutely, my opinion is that it will be the way it is done now must be banned everywhere and It will be regulated So for sure US will follow China or China will follow US Korea will follow China You know, so it's done right now and then for example You've heard about all of this closes of The bank accounts of different projects I Mean in Singapore in Malaysia and everywhere in China So that's that's one of the ICO echoes, you know, so until they are unregulated it will happen and so To crown it all I still already attracted a lot of interest Bitcoin prices up and dollar tokens are up and so on and so forth But now it should be should be regulated Because in other way the negative effect will be rising and rising So how do you think you're right like how would the regulation work? Like let's say like how would that model work like if I'm a Canadian investor and I want to invest in ICO and Like an IPO you have a lottery. You can't just buy as much as you want. You're limited on the shares you can buy What's what's the KYC and AML? System for that then for a regulated ICO like how would that actually play out? That's actually a very good question and the question that is not answered. So it's like Actually in China as well. I'm speaking so much about China because Because also like let me put it this way if it is regulated and please explain because I'm an evangel vassers Please explain to me then how the fuck the taxes are gonna work. Yeah, true true So the problem here is that yeah, it's The problem is that investors are coming from all over the world, right? So and what what what lawyers are thinking about now in each country is how they can Pass all of these procedures that you mentioned personally I I don't know for now. So when I talk to lawyers, they also don't know When I talk to government representatives, they also don't know What they all only know for now is that we should do that we should ban these decent that but they don't have any procedures for How how actually to build the regulations so if you want to hear I'm telling you we're gonna see pushback I think the more they regulate the more people will switch to more privacy currencies such as Monero Z cash More people we use decentralized exchanges to raise money Same thing like drugs you make drugs illegal. Well, guess what massive black market anybody. You don't even have connections Anybody can go buy drugs anywhere. So the more you make things Regulated or illegal or use telehuman being they can't do it the more they will literally push back at a sheer spite To make sure they can do that themselves Totally agree and in order not to have like this Stupid regulation right stupid bands and make it make it like totally illegal. You need to build consensus between The government and regulators in the community So you need to talk because what I hear now is that everyone is just totally gains that saying that okay We are getting back to all of this so totalitarian stuff everything will be regulated. They will be the black market and so on but Speak to the governments tell them how they should do that and just I don't know prove them But it should be done like that. So and they actually had to at block show. Sorry for speaking, but that's that's a relevant topic. We are Connecting government so we will have a government panel which will be discussing the actual regulation of crypto and ICOs and all of that stuff there and answering the Q&A from the Audience so that's how we think we can Try to build some consensus and try to find some answers, right? So that's what we will try to do And and answering your question. We think that yeah only only by building this dialogue between the community and the government We can find and we can build these structured and logical regulation right in order to avoid All this black market and so on and so on But the funniest thing the black or the biggest black market is American Greenback So let me ask you this You've been traveling a lot the whole year you went to China and India right now We've been talking about ICO bands been talking about regulation versus deregulation Do you have any predictions on where we're going to be in the ecosystem within the next six months? In the next six months, that's good that you asked about six months, but not two or three years like usually people ask Because for two three years, I don't know It's crazy to predict But in six months so in six months, so it's what's what's the month it will be I don't know November December January February March April oh April already Okay, so let's predict closer. So I guess up to up to the end of this year The price firstly the price will will go significantly significantly up Maybe up to ten thousand dollars because I Yeah, yeah, yeah, because I believe that after the quite a summit everything will be okay No major announcements will be made so everything will be the same Secondly Secondly a lot of projects are Opening announcing their Not only ICOs, but the fact that they are just announcing their great great projects And it maps into different industries and that will be a new a new amount of money coming into the industry and You know thirdly historically what are you from Bitcoin except? 2014 it was going up like by the end of the year as I remember So as for the crypto, yeah, I guess it will it will significantly go up because of the positive news around that But I can predict what will be what will be at the beginning of 2017 maybe by Q2 Or something like that. We will see some big crashes and Fails of the projects that raised money now Because you know I'm talking a lot to them and many of them don't have any team That is building the product any business planning. I guess you've discussed all that already a lot during your show, so No need to elaborate on that. So at the beginning of 2017 a lot of bails won't fall That's what I see for now and Regulators regulations and regulations it's coming and coming and coming, you know, I can't make like predictions on that. I don't know Some big stuff will happen. Yeah, we'll see a lot of new solutions really new products coming in Absolutely different industry is very interesting ones and that will grow Regulation will will come it will attract institutional investors If nothing urgent happens actually will just develop develop So it's like that so Coming up soon end of November you guys are having a blockchain show in Singapore. Is that correct? Absolutely right and you're speaking to Amir Yeah, I keep on forgetting about that. I Will be there so tell us a little bit about it Sure, so thanks for giving me the chance to tell actually about black show so I will be very short black show is powered by coin telegraph, which is like, you know, you know what coin telegraph is and Yeah, it's an event. It's a blockchain event focused on showcasing variety of blockchain solutions and this November 29 30 We are holding block show Asia for 1000 plus people Where we are Connecting the Asian and global market So the stuff that we have just been discussing will be discussed by real experts like founders of Chinese projects governments Investors really real ground breakers that will present their vision and Share their experience knowledge and so on with the with the audience and of course a lot of projects will Showcase start the RICOs and so on and so forth. So that's a great community event. It's a show It's a today event in Singapore So just imagine how cool that it will be and it's a big event I guess that in two or three years like that will be one of the main events for everyone to join Because yeah, I'm looking forward to it it's gonna be exciting and I was able for anybody listening out there for the blocky's family and for my YouTube channel me or Rosic I was able to Get an amazing deal for everybody to come over and to participate in the community. So if you're looking to save More than 35% just use a code block geeks 35. There's actually a link below this video So it took me, you know, I was pulling Addie's teeth out to get this was able to get to code for everybody Make sure you use that and I'll be it'd be really good to see everybody in Singapore together Yeah, thanks Amir and the one important note. We are very focused on startups that the I mean the blockchain startups and the ticket for startups is just one eight or one hundred and eighty nine dollars So it's really cheap and the price will go up on October 8th So for everyone who wants to come to find clients investors and so on Join us and join Amir join me and join all of the other people that are coming We'll be a cool show. Awesome. Well, I did just want to thank you so much We'll wrap it up over there if people want to find more information about you best website to reach you at is About me or about block show say both As for me, you just Google I mean at a crazy on LinkedIn or Google or somewhere At a crazy blockchain at a crazy coin telegraph and our website is block show Asia comm or Events dot coin telegraph comm so both both websites were and So Amir, thank you so much for hosting me for hosting me today. I hope it was valuable I like shared my insights on the Chinese stuff happening Sorry for the lights because I'm in the room and I hope it was cool. Awesome. Well, thank you brother. I'll see you soon Thank you. Bye. Bye