China has been cracking down on ICO’s and Cryptocurrency exchanges, but tides are changing. It seems that China is once again allowing ICO’s to make use of China’s market, under one condition however.
It is no secret that China is not a fan of anything that is unregulated, this is also one of the reasons why initial coin offerings are currently banned in China. When looking outside of the crypto world we can clearly find examples on how China is currently regulating and protecting themselves. More