It is in my opinion that China is very short sighted in their ban on ICOs. I am only an observer of the whole ICO market as I hold Bitcoin only. But I do believe in ICOs as the future of a democratized way of getting financial support for the unbanked.
Who said that entrepreneurs with good ideas should not be given every opportunity by the community themselves? But of course we should still be careful and be responsible with our own actions. People will lose money from scams.
Do you think a country like Switzerland or Singapore welcome ICOs and become new havens for them?
Its been almost a year since since China turns its back on bitcoin and crypto and it seems that other countries has stepped up like the 2 countries you mentioned. And then we have the Baltic State: (
https://paymentweek.com/2018-3-23-secrets-ico-leaders-baltic-states-came-dominate-ico-market/). Malta of course: (
https://www.newsbtc.com/2018/04/23/malta-is-fast-becoming-a-central-hub-for-cryptocurrency-businesses/). Truly amazing that we have move forward and totally forget about the day that China turn its back. I'm sure that more countries will become a ICO or crypto hub and position themselves to attract ICO startups by becoming a safe haven for blockchain industry.