Cryptocurrency ICO regulation by China is a positive

Much FUD has been spread in the last few days.  The crypto rumour mill has been working over time on the back of whispers regarding the RedPulse token ICO being banned in China.

Whilst certainly bringing focus to the question of regulation of decentralised assets there was no actual substance to the claims and it turns out that it was the developers who took the decision.  Whilst it is easy to adopt the standard rhetoric against the control China's government often maintains in the country, it takes just a little foresight to understand that this is actually an advantage to cryptocurrency development as it will hinder the development of alt-coins intended for quick 'pump and dumps' by their creators.

Many commentators in the NEO space for example agree that Chinese cryptocurrency will benefit greatly from having the support of regulatory bodies which will allow for easier adoption by businesses in the country.  THe currently untapped potential of Chinese blockchain projects is enormous and those that co-operate with the governing agencies will be the ones who will be able to bridge the gap to real-world functionality.

NEO's plan to implement real-world functionality has been evident from the start and the willingness to tread the right path with authorities and scrutinise the ICO's that launch on its ecosystems stands to build them an advantage in the global cryptocurrency world of trust and confidence that there are no scam coin assets to ponder in the investment space.

Unregulated coins would stand no chance against this kind of regulated cooperation in the huge Chinese market.



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The Cryptocurrency Portal: Cryptocurrency ICO regulation by China is a positive
Cryptocurrency ICO regulation by China is a positive
The Cryptocurrency Portal
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