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?
There is a history of how many times China banned bitcoin in their country. Here is the
thread that talked about the interval of China when it comes in banning the cryptocurrency.
They banned bitcoin 10X before and now, they came to the point that they want to legalize bitcoin in their country. I think that there is a political issue in banning of China. China is a socialist country and most of the regions here are hold by the government.