Quote from: fortunecrypto on August 23, 2018, 11:00:52 AM

Quote from: Cybercube on August 23, 2018, 10:35:17 AM

Hello everybody!

Even though China has banned ICOs, Chinese residents continue to participate and register money where it is actually legal. So do you think the ban is forever or are they going to drop the bans initially?

They banned it to protect their people from investing from these fake ICO, but once the industry has some form of regulation or they are assured that their people will not lose money from investing from these ICO's they are going to lift it, they are a strong and major player in the cryptocurrency.

You are wrong, China banned ICO not because of fear that their people will suffer losses, but because they cannot control the outflow of funds caused by cryptocurrencies.
So they will never legalize cryptocurrencies unless they issue CNY cryptocurrency.