Currently, the Chinese government has issued a ban on the ICO’s. However, this ban is actually expected to end in the mid of 2018.
Many of the cryptocurrency investors are actually expecting that after the end of ban on the ICO’s, the government would be able to launch newer regulations in order to regulate the industry. The truth is that the ICO ban cannot continue for an infinite amount of time. This is one of the main reasons why investors are expecting that by the middle of this year, it would actually end.
The truth is that the public in China is actually interested in cryptocurrencies as well as ICOs. Owing to this very reason, any regulatory activity by the government of China pertaining to cryptocurrency actually leads to a steep fall in the valuation of cryptocurrencies. After the increased scrutiny by the Chinese government over various cryptocurrency exchanges, Bitcoin has actually fallen from $ 20,000-$ 11,000. This was also coupled with increased scrutiny by the South Korean government as well.
Once the ban over the ICOs is actually lifted, many of the Chinese investors would be able to directly invest in cryptocurrencies. This would actually increase the value of cryptocurrencies as well as ICOs.
The quantum of investors in China is pretty huge. When you look at it on a global scale, you can easily say that at least 20% to 25% of the cryptocurrency investors are actually from China. This is one of the main reasons why once the ban is lifted; it would become much easier for the investors in the country to invest in ICO’s.
Moreover, as South Korea is also creating proper rules in order to regulate the cryptocurrency market so that the investors in the country are able to invest in cryptocurrencies quite easily. This is one of the main reasons why there is a ray of hope among the increased scrutiny by the Chinese government as well as the South Korean government as well.
Once there is a proper regulatory framework pertaining to cryptocurrencies as well as ICOs, you can be sure that more and more investors would be investing in ICOs. This would definitely increase the value of ICOs and also this would make sure that the ICOs raise the amount which they want quite quickly as well. This would actually help them in the longer term as they would be able to easily make money from the Chinese investors as the Chinese investor would actually benefit from the increased valuation of these tokens. / Source usethebitcoin.com
tags: china ico ban lifted, china ico ban date, china ico ban news, china ico ban neo, china ico ban temporary, china ico neo, chinese ico list, when did china ban ico