Today the Markets saw currencies across the board dropping in double digits, in reaction to yesterday's Chinese ICO ban. However now the trends seems to be recovering a bit after the initial shock.
If we look at past developments and Chinese official interest in blockchain tech, keeping a longer term ICO ban in place will heavily disincentivize and slow down local development in the Crypto & Blockchain fields. By which the Chinese government would be putting its own ambitions at stake, to lead the world in innovation. The goals outlined in the 2020 plan, include heavy focus on Information Technology and the "Internet+". I personally reckon the instated ban will only be of a temporary nature, until the government figures out it's approach to regulating ICOs in the future. I'd love to hear more opinions, and more informed ones, on it though.
