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RE: China Bans ICOs, Is This Good News Or Bad News?
read my comment below in regards to this action not being taken solely in the crypto market vacuum. China is facing the likelihood of a thermonuclear war with their neighbor and longtime ally-ish/attack-dog.
They're battening down the hatches. atm, imo.
Interesting. I hope there is no war, that would not be good for any of us
Honestly feel like they are trying to add more value to their own stuff like NEO, GAS, and BTM. All, I'm pretty sure, are already backed by the Chinese gov and could be a play to protect their market and add value to it. Kind of like how the US had Amazon so that gave way for the creation of Alibaba to take advantage of all the Chinese made goods. The majority of the BitCoin mining farms seem to be in China and this looks like they are trying to exploit weaknesses in the system to disrupt things and then give their own stuff (like the coins mentioned above) value. Just a very humble opinion but you can never count out the Chinese and their shrewd business sense.