Quote from: Askend on August 24, 2018, 05:38:26 AM

The Chinese government issued a policy prohibiting initial coin offerings (ICO) transactions. The ban was issued not without reason. Here are some reasons:

- Virtual currency is difficult to control

- Easy to use for fraud

- Damaging the world of investment

and many other reasons.

Every country has their own reason for a ban or putting restrictions to access any website or a product.

China even banned many well-known services like google, whatsapp and many more. Because of the same issue, they can't control these services so they banned. Banning is not the solution but needs to find ways to regulate this market. They may be working on their own cryptocurrency so they are banning other coins.