Can someone please explain what I am missing? As far as I understand the changes apply to all new ICOs of which NEO is not one and second to that it seems as if ICOs will only be banned for a period until more stringent regulation and controls are in place? Given NEO has already completed the ICO stage, it will surely benefit from a better regulated market in the future?
Neo was expected to become an ICO platform, just like ethereum, but for the chinese market. So this ban is a dead sentence in short term. In long term I think will be good, just like happened with bitcoin (now regulated in China).
Ahh I see, thank you for the explanation. I did not know very much about NEO and that was where the issue was. Thank you for clearing it up for me! I agree that in the long term it should be good.