Hi all,

it's understandable the price drop as a reaction to this announcement, however, I would not be too concerned about ICOs in the long term. Let's not forget that China has a long history of banned financial industries and potential threat to a free floating economy (something that they can't control but only influence). For example:
- In 2013 Bitcoin was banned by China for financial transactions...
- The Foreign Exchange industry (FOREX) is "almost-banned" in China.  We can say that they have very strict regulations if not total ban.

These are just 2 examples, that the news of today is not the end of the world...