Winner will be the country that makes icos legal and regulated.
All countries are being forced to enforce securities regulation same as was the case for FATCA. All this information is covered in detail at the following blog:
Are Most Cryptocurrencies Doomed to Collapse because theyre ICO-issued?I think banning of ICO means ban to start an ICO, not ban to invest in ICO.
Incorrect. Read the linked blog to learn about investment securities and more details. Follows is a summary.
There will be a banning of trading on the exchanges for the tokens which were issued by ICO (or any obfuscation of an ICO which is equivalent).
Tokens will be frozen on exchanges. Money will be recovered from issuers and some will be jailed. Some who promoted and/or traded large quantities of ICO-issued tokens will be fined and possibly jailed.
Use of ICO-issued tokens will be illegal because it is illegal to trade investment securities on an unregulated exchange.
I think Singapore could be the one.
Incorrect.
Singapore is planning to crackdown also.