Big news for BTC and ETH (China bans ICO, not clear details yet if they just ban local ICO or something bigger). I wonder how these news will affect byteball.
China banned Bitcoin iself many times and, as far as I know, nothing happened. But I could agree that maybe ICO banning could be different since most of the times ICO proponents are public, hence we could see less ICOs around China.
Anyway, this news should not negatively reflect on byteball even if Byteball can be seen as an ICO-friendly platform.
Let's think about September 6th, that's more important
According to this, Byteball could still be seen as a friendly platform for regulated assets:
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Regulated assets
Regulated institutions can issue assets that are compatible with KYC/AML requirements. Every transfer of such asset is to be cosigned by the issuer, and if there is anything that contradicts the regulations, the issuer won't cosign.
This way, banks can issue fiat-pegged assets and stay fully compliant. They can open demand deposit accounts and track them on Byteball as assets. These assets are easily exchangeable against bytes and other assets (with banks approval).
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