Post
Topic
Board Altcoin Discussion
Re: Effects of ICO ban in China
by
gyu22
on 09/09/2017, 07:41:54 UTC
I think that bans are a strategy for governments, they want to regulate the technology to have some control of trade markets. In China startups raised almost 2.6 billion yuan ($400 million) in the first half of the year. This is too much value for a authoritarian governemnt. But is so important for the Chineese economy that I think the ban will only be applied in the short term. In months to come we will see regulations.