What do you think will happen to crypto currencies following the latest news on the #ban on ICO in China?
will the already successful ICO's refund people's monies to them?
Is it good for governments to ban the use of crypto currencies?
Tell me what you think about any of these.
I think the ICO ban in china has caused a fall in Bitcoin price and it is taking Bitcoin time to recover it's lost value. Before the ban, the value of Bitcoin was around 4400$ which has reduced to around 3700$ after the ban. will the already successful ICO's refund people's monies to them?
Is it good for governments to ban the use of crypto currencies?
Tell me what you think about any of these.
I think the ban will prevent the ico scams which are common but some genuine developers will not be able to develope their projects as they won't be able to raise money through ICOs