Can you believe this... not even the Chinese can resist the allure of Bitcoin (or realize they don't have a choice). They say that they will ban ICOs, then regulate. They say they will ban crypto exchanges, then they regulate. They may be realizing that pandora's box has been opened. Blockchain isn't going anywhere. The game is over.
So.....
Meanwhile, back in government labs....
"How can we stop this?? Let's ban it! Wait, we can't....okay let's try to regulate it then" - classic land grab attempt.
That is the beauty. That is the power of crypto. That is the power of Bitcoin.
We've just begun folks.... Enjoy the ride.
Here is the article - for your reading pleasure:
https://themerkle.com/chinese-bitcoin-exchanges-will-likely-not-be-banned-after-all/Seems to be a running trend with me today, I thought that China had already specified that they were more intent on banning ICOs rather than the exchanges. Maybe the info got messed up somewhere but I remember seeing threads about it being ICOs and not just banning everything that is related to Bitcoin and cryptos.
Whatever though, good for them. ICOs are stupid for anything but speculation and get-rich-quick (essentially) for the devs. Starting to limit their prevalence with the community is definitely something that would be beneficial.
ICO's are being banned totally but those exchanges were just shutting down temporarily. As the news said that they some of the biggest exchanges is voluntarily shutting down because the government wants them to buy a license, and i'm pretty sure that this shutting down thing is just a temporary as the report said.
