ICOs will still potentially be possible, but will require substantial regulatory oversight prior to listing – similar if you will to a framework used by regulators for traditional equity issuance.
This isn't “the end of cryptocurrencies in China”. Rather I think it’s the beginning of a more highly regulated market… one that favours domestic blockchain related companies in particular (I will cover this in a separate note).
However, in the short term we are going to see plenty of selling pressure across the board in cryptocurrencies.
This article was originally published by Tama Churchouse on September 15, 2017 via Stansberry Churchouse Research.
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