Quote from: Neljose on February 15, 2018, 01:05:06 PM

the ban in my opinion isn't doing any good, why place a ban on something that has come to stay? crypto-currency is the future. if people would just do their own research they wouldn't have problems with scam ICOs.

The article is not talking about cryptocurrencies. The new regulations and the new
supervision are related to ICOs.

Quote

This document defines ICOs as an unauthorized fundraising tool and may involve financial scams, according to Caixin.

Given the fact that every day numerous ICO scams emerge and even most legit
ICOs are basically vaporware it is no surprise that countries are acting against these practices.
Mainstream investors often have no idea in what they are investing and are likely
to lose their money in the process. Cracking down on the abuse of ICOs as an investment vehicle
with few regulations is a prudent decision that I completely support.

Even if cryptocurrencies may be the future, ICOs are rather a negative accompanying effect of the
emergence of the cryptocurrency scene.