The price of altcoin and bitcoin drop. Should we be panic? What do you think of the situation. Will ICOs stop because of the ban by China, Russia and Korea? Will others follow those countries? What is the future of ICO?
I would only panic about investing in scam icos.
Other there are 2 scenarios for me:
1. Atm we have 4 countries regulating icos that is by far not "ALL" world. Other countries will slowly follow and icos will be regulated everywhere. The regulations will force issuers of icos to register a company, be transparent, pay taxes and give guaranties to investors and be fully legal responsible.
2. Not all countries will follow, anonymous coins will rise and icos will be held in countries with no regulations. Everything will work as before...
The number of countries that regulate the ICO will grow. I do not think this is bad. Less is fraud, more responsibility, less risk, more confidence