It is obvious that ICOs became an easy vehicle for money laundry in the case of China, a huge powerful rich country with heavy gov control, of course it was going to call the attention.

Regulations are just part of the path of evolution in this lands, but the NEO drop is just a market manipulation. The money in China is not gonna disappear and crypto economy is not gonna vanish either, NEO is still a very good proposal, and the big interest probably want a piece of the profit.

It is easy to take a China governmental confrontation with the subject (ICO/Crypto/BTC) and link it to the flag company that is skyrocketing, this drop might be the opportunity for some to buy at a super cheap price and wait for the now slower process to get at the level of Ethereum, aka, a price around and above 100 bucks.

Thank you for your work, I really enjoy your blog. Cheers!