I hope that this is official information and that it will have a positive effect on the growth of the rate of the crypto currency. This is good news not so much that China can authorize the ICO, but the fact that this process will be regulated. If the ICO projects are free of scammers, this will have a very positive effect on the credibility of both the ICO and the entire crypto currency.
Well, i don't think China will imposed an official information regarding with the legalization of ICO's were they are the first who imposed a total banned ICO in there country in this 1st quarter of the year. This is a not a credible information that spread through the forum, its a fake news again this will not gain passive feedback to the market.