RE: Daily: Binance to Block Chinese IPs? Raiden Testnet Launches!
This move by China on ICOs: instead of seeing it negatively, there might be silver linings to this. For instance, to the ICOs already issued and the projects that are now in the works, thanks to the capital received. Since there will be fewer ICOs, more money might flow into the ones already existing. And that would be a good thing for the current holders of coins and tokens.
Some people see the move by China and other governments on ICOs as a total negative. But this is a good thing if ICO proponents can no longer claim just about anything. Instead, they are now forced to be more accountable. As it is, many of the ICOs are rather dubious - undertaken by people who are just trying to squeeze as much money from the current ICO Craze as possible, and not really having any genuine plans to develop their projects. And leaving `investors' with near worthless coins and tokens.
You are right - there are some ICO funded projects already. Yes, they are happy to have less competition because new projects are ICO-restricted. This is also good for people having tokes already. But, the technology development chain will now be much slower. So the worldwide economy may not get the full advantage of blockchain technology. For me any regulation in investment sphere is bad. Governments better pay attention on violent crimes, healthcare, etc., but instead some governments try to tell me where to invest - no thank you :)
Yes, there's the negative part too about government interference in ICOs. If the same rules and regulations are imposed as with the IPOs of securities, then many projects will never see the light of day. The developers of these new blockchain-related projects simply won't have the resources to undertake all the paperwork etc. that government regulations demand.