It's also a good opportunity to get some discounted coins

It is a good thing to have some form of regulations otherwise we have ICOs popping every hour. China being the first country to start working on this will be also the first country to launch regulated ICOs in the future. Hopefully other countries will follow once there is a working model that is successful.
You make some good points there veso86. I agree that good coins supporting realistic and genuine projects will be hit by the same downturn. Grabbing some of these at the moment would make a lot of sense.
I also think that you've been really insightful, seeing that China is just as likely to be first to bring in regulated ICOs. And my guess is that ICOs that pass China's new regulations will automatically gain more market confidence. It will be an interesting one to watch.
I'm not surprised that China was the first country to act in this market. For a large government managing a huge population, I'm impressed by how agile and current they remain. I also have confidence in them to bring out a model of regulations that has a positive influence on ICOs in the future. And now that China has moved, I wonder how long it will take for other countries to follow their lead?