How will NEO be affected with China's further action on exchanges?

[lucymary]

So we've read about China's further action/banning of all onshore and offshore exchanges. I would like to ask what you all think on it's effect on NEO? What I don't quite understand is that, Is China against cryptocurrencies and exchanges but is supportive of NEO? So will NEO survive even if China is totally against cryptos?

[pinkflower]

Clearly it should affect NEO negatively. China has already expressed that it doesnt want anything related to cryptocurrency in their country. I know its still doing very good in the exchanges, but do you think it would really last? Look at BTC and make that a good example of how the market changes direction very quickly.

[lobo13hf]

Clearly it should affect NEO negatively. China has already expressed that it doesnt want anything related to cryptocurrency in their country. I know its still doing very good in the exchanges, but do you think it would really last? Look at BTC and make that a good example of how the market changes direction very quickly.

Look at neo market https://coinmarketcap.com/currencies/neo/#markets
The majority of exchange sites that traded neo based on the china. That means if PBOC will try to take further action to restrict these exchange sites and that will give a big impact to the neo. because everyone will be so difficult to purchase neo.
I remember when PBOC stated ico is not allowed in china that gives a big dip for neo just in short time.

[tdeannova]

Clearly it should affect NEO negatively. China has already expressed that it doesnt want anything related to cryptocurrency in their country. I know its still doing very good in the exchanges, but do you think it would really last? Look at BTC and make that a good example of how the market changes direction very quickly.

A very good example, I agree that. BTC has proven to everyone that crypto is a technological advancement that deserves and can benefit everyone. BTC itself can survive and face the global market, but why NEO can not do anything in his own birthplace? I'm sure it's just a matter of time, because I see the neo developers very seriously and work hard to develop and make the NEO better. Someday china will see the success achieved NEO and probably will legalize crypto in his country.