there will be a censored version of NEO for mainland china, a completely new blockchain, censored blockchain. this have to be a "made in china" invention, a fully censored, centralized "thing", but lets call it a decentralized blockchain, lol.
huge red flag for neo, in fact neo is more like scamneo now.
do you have a better proposal ? they are trying to comply with regulation, how do you want to fight a country like China ? If they can provide the same feature from NEO but they can also comply Chinese laws, i see only benefits...