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RE: China Bans Crypto ICOs - Much Loss Just Hodl Steady
My take is that China wants to cool the jets a little bit on all of these ICO's. Once they get a handle on some form of moderate regulation ICO's will be allowed to resume. Just like they regulated exchanges to prevent all of the margin trading going on with Bitcoin.
Yeah I agree, this is a temporary setback that will reinforce the next few years of the crypto community.