There needs to be regulation but banning them all together is not the right solution. However they need to start from somewhere. ICOs in China were already starting to get out of hand with Binance launching like 5 every day. Bitcoin also needed to cool down a bit, so in my opinion this is all healthy in the long term. What you don't actually see is that there are many financial criminals involved in a lot of these ICOs, going in for a quick ROI.
Agree. Recently, a lot of ICOs are basically scams. Before China find a solution for regulating ICOs, banning them all is a effective way to go.
Well i think they will remove that after and makes a filter that all the scam coin will be ban and those promising ico is still available . Agree with you that there are ton of scam coin right now thats why they ban the ICO but it can be revise sooner , that is the biggest bad news for ICOs. Now i think the korea and japan are thinking about it but i dont think so they follow it but if they will i think it is a matter of time