Yeah, I'm not a big fan of ICO's. For every one good ICO, there are easily 20+ that are just there to ultimately steal money. It's just what's historically happened, and I'm not a big fan of anyone that wants my money.

More importantly are the questions - will the money that was in the ICO business-startup funding market find its way to a new one now? Or will the combination of the afflicted be looking to diversify outside of crypto?

Or will this be like cutting the head off a hydra, ultimately proving the legislation to be ineffective?

Regardless, I would expect that capital outflow from china will continue in some way.