RE: Why the Chinese ICO ban is actually be a good thing.

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Why the Chinese ICO ban is actually be a good thing.

in cn •  7 years ago 

Being in the US, I wasnt encouraged by this post. LOL

In all seriousness, I agree it is a good thing. You arent going to get away from regulation. The central bank countries simply will not allow that. Hence, we will get regulation which, in an odd way, adds legitimacy to the crypt world. The "Wild West" might not exist which will bring in more money. This ultimately will be a very profitable thing.

As for China, let's be real. They are the #1 mining center in the world, going so far as to almost make it centralized. That country is raking in a huge fortune by amassing a substantial position in bitcoin. The last thing they are going to do is kill it. If anything, they seek to drive the prices much higher.

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