China has been cracking down on ICO’s and Cryptocurrency exchanges, but tides are changing. It seems that China is once again allowing ICO’s to make use of China’s market, under one condition however.
This condition is NEO must be used as a smart assets platform when conducting the ICO. This is because NEO is a Chinese open source public chain platform and it is not a secret that China prefers to keep things in Chinese hands.
After China’s ban on ICO’s, it has been quiet for a while. Even though that the most logical outcome would have been what now seems to come true. Which is that NEO will be leading China’s block-chain and cryptocurrency future. The company behind NEO, Onchain, has been in direct contact with the Chinese government for a while now.
At the moment I am writing this, NEO is up 38% to $39.56 with a Market Cap of $2.5 billion. Analysts are saying that it will go up much higher. Lets wait and see, good luck anyone holding NEO!
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