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?
With the stage where cryptocurrency is now, I really don't care if China goes back in implementing ICO. Prior to when China backed out and banned ICO, many bitcoin onwers and cryptocurrency enthusiast feared that the cryptocurrency market won't survive it without the Chinese. The price did dropped that time but as time goes on, it regained back. So now, if they come back or don't come back,i t really don't matter.