A few hours ago, news came out that the Chinese government has banned ICO’s altogether.
Even ICO’s that are over and done with, will be ‘penalized’, although at this time it is unclear what that means.
What this means for the crypto market, however, seems pretty clear, though. It’s bleeding.
Full article on Bloomberg here:
https://www.bloomberg.com/news/articles/2017-09-04/china-central-bank-says-initial-coin-offerings-are-illegal
Stay tuned – I’ll provide some investment suggestions soon.