The part i didn't like was when the chinese government said that all ICO's should return investors money immediately. does this mean NEO will have to close down and return original ICO money? ALso i'm not sure that red pulse is still going ahead looking at the announcement on there website it sounds like they are re-evaluating things. this is the announcement on red pulse ico website if you still haven't seen it : Attention Please:
We are aware of the recent announcement from Chinas PBoC banning all ICOs. We are a Hong Kong based entity, and have already taken the step of disallowing Mainland Chinese, U.S., and Singapore citizens from participating in our RPX sale. Our KYC process also includes a manual check of each passport or government ID to prove country of citizenship. That being said, we are taking seriously this official announcement from PBoC, and are currently discussing with our contacts and partners to determine what other actions need to be taken. Please be patient while we work through this process, and we will make more announcements shortly.
The authorities of China have banned ICO. What's next? This is the end?
No its not the end. Red Pulse is based in Hong Kong so they are not affected and can continue without problems.