Trying to figure out why if Neo is the official crypto of China are they blocking it now. Or, is China setting the groundwork to formally get behind Neo after they have officially outlawed all the other cryptos. If the later is the case Neo could see a huge gain in the near future.
Thoughts?
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From Crypto Markets - China Ban on ICO is Temporary
China Ban on ICO is Temporary - Licensing to be Introduced
During an interview with state-owned national television network CCTV-13, Hu Bing, a researcher at the Institute of Finance and Banking, claimed that the government’s ban on initial coin offerings (ICOs) is only temporary.
In his interview with CCTV, Bing explained that the suspension on ICOs and the government’s declaration of ICOs as an illegal fundraising method are only temporary until local financial regulators introduce necessary regulatory frameworks and policies for both ICO investors and projects.
More importantly, Bing emphasized that the Chinese cryptocurrency community must understand that the government has not “forbidden” ICOs but instead “paused” them, demonstrating the government’s intention to resume ICOs in the near future.
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