Various industry pundits believe China’s latest move in banning ICO’s does not necessarily mean the end for FinTech companies involved in Blockchain and cryptocurrency ventures.
According to a report by CNBC, China’s ban on ICOs may stop many Bitcoin-related crimes and scams and improve the market in the long run. However, the move will definitely not shut down ICOs entirely.
Temporary pause, but not a full stop
Sasha Ivanov, CEO of Waves, thinks that the move will definitely help the industry. He predicted that regulated ICOs will have a place in China in the future.
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