Very interesting. I look forward to the translation. Is it painting all ICOs with a broad brush -- are all ICOs considered to be illegal? Or just some, like the SEC suggested for Americans?
Anybody have any idea how big the Chinese market is for the ICO sector, and whether this will curb Chinese investment? Or will people just ignore the regulatory guidance and/or use VPN to get around any restrictions placed by ICO administrators?
Everyone that wants to invest will still find a way to invest, there are an endless sea of VPNs now to bypass stupid bans. Also when it comes to regulation, China seems to be too stupid to realize how by doing this they may be losing on the next legit coin that challenges Bitcoin and may be funded thought an ICO. They are stopping innovation. I understand that people that aren't knowledgeable should be protected from scammers, but not at the cost of killing all possible innovation founded through an ICO. ICO doesn't mean guaranteed scam, so I hope this ban doesn't mean a ban of all ICOs, but some ICOs.