Wait, didn't China imposed only strict regulations on the ICOs of some companies since it has been abused by various individuals? If that is the case, then we may expect the prices of bitcoin to at least skyrocket once the SEC of their country has lifted the ban/prohibition. We all know China has the largest population of individuals who utilise cryptocurrencies in their daily routines.
Just like many members of this forum, I would rather believe it when it is already announced by the government officially. As of now, this is just speculation though a positive one. We all know that the Chinese government decided to ban ICO all because it can be something they can not control and they are afraid the platform can be used for illegal purposes. In case the government has a change of mind and would later on allow ICO under a very strict regulatory framework then I myself will welcome the development but as of now I would just not pin any hope on it.
Yes, i couldn't argue no more hence it should came from the government and not just in any social medias report or maybe it's just a rumor to let everyone starts to believe. If that person talking about that was trying to change the thought of their investment because he sees too much FUD, maybe that's why they did talk about something like this but i won't believe on this until there is a government involved.
There has been a lot of fake news/articles circulating recently but these kinds of news inevitably bring joy to my heart. A soon to be hegemonic country supporting the innovative system of cryptocurrencies may affect bitcoin's price significantly once these changes have been implemented in the future.