https://www.sosobtc.com/article/23790.htmlChinese government recognized all of ICOs are illegal,all of related platforms must stop offering services for ICO projects,it seems that is just a start,the regulation of ctyptocurrency is on the way.
Some ICOs refund to their investors already,but this event has an effect on cryptocurrencies including bitcoin,the prices droped seriously.
How do you think of that? Good or bad?
Of course it has an adverse effect on Bitcoin and other Altcoin, as some of the investors who participated in ICO came mostly from China.
Bitcoin price declines along with the rise of this news was raised in the media.
Even Altcoin followed Bitcoin's direction and went down.