I don't really understand China's point of view, it seems that they're changing their opinion regarding ICOs and crypto every other day.
But I was thinking, do you want them to legalize ICOs? It would probably attract more whales, no? And might cause some manipulation in the markets.
Thoughts?
Right now blockchain projects use private placement to get funding for their projects trough tokens. So either way whales already won this battle doesn't matter what China does. Idc what China does anymore. I'm convinced they're only doing these things to manipulate the market.