Ironically just yesterday I was thinking icos changing ecosystem in much faster phase and now countries like China bans fundraising through ICOs.
examinechina.comFrom past we know that restrictions and blocks raise awareness and increases demand although slows down innovation. But there are short time effects also which we shouldn't discard. Other countries already starting to look into regulating these startups
Apparently, July spike was fruitful for Chinese startups around 65 startups or ICOs raised 2.62 billion yuan ($397.19 million).
Be cautious some ICOs are being postponed as a result, some might try to scam people. DYOR - Do Your Own Research and be extra cautious!