A good news is back from the most populated and powerful country in the world. China lifts ban on cryptocurrency, individuals and businesses can own crypto now legally. I believe this change will impact on the market value and it may go up now.
But ICOs are still banned?Even this is an old message, it is good to know, that China decided to allow owning cryptocurrencies nad mining. Because why not, the government has profit from it (taxes)
. And all countries should know it, that instead of banning it, it would be better to take profit from it.In addition, they have not agreed to allow exchange to be operated again. And that's a problem when indigenous people want to convert bitcoin or altcoin into CNY