Recently, cryptocurrencies have become a center of government scrutiny, especially in the regions of China and South Korea. Many have attributed this to the rise in popularity of Initial Coin Offerings (a.k.a ICOs) that have been used to raise capital for up and coming cryptocurrency based platforms and businesses.
In many countries, including the United States, the debate still continues as to whether ICO offerings constitute a security, and thus fall under regulation. This has prompted some countries, including China and South Korea, to place a ban on ICO activities within their borders. China even went as far as to halt two major exchanges, OKCoin and Houobi.
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https://zycrypto.com/bitcoin-keeps-shining-despite-clampdown-regulation-threats/
