It is in my opinion that China is very short sighted in their ban on ICOs. I am only an observer of the whole ICO market as I hold Bitcoin only. But I do believe in ICOs as the future of a democratized way of getting financial support for the unbanked.
Who said that entrepreneurs with good ideas should not be given every opportunity by the community themselves? But of course we should still be careful and be responsible with our own actions. People will lose money from scams.
Do you think a country like Switzerland or Singapore welcome ICOs and become new havens for them?
For me personally, I don't see anything wrong with ICOs and the Chinese government must have considered this option and looking at the way ICOs is being run, banning it at first might have given a platform for the government to strategize on how to move forward which I am sure they will come with a road map for that to happen. Other countries will learn by example of setting the rules of the game even before its starts at all.