Speculation aside, what is actually going on? Because China's ICO ban, other world-leading economies are taking a new consider the way the cryptocurrency world should/ can be managed in their regions. As opposed to banning ICOs, different nations however identify the scientific great things about crypto-technology, stable yap and are considering preventing the market without absolutely stifling the development of the currencies. The serious problem for these economies would be to work out how to get this done, as the alternative character of the cryptocurrencies don't let them to be labeled under the procedures of traditional expense assets.
Some of these nations contain Japan, Singapore and the US. These economies seek to ascertain sales standards for cryptocurrencies, primarily in order to handle income laundering and scam, which have been rendered more challenging because of the crypto-technology. However, many regulators do acknowledge that there is apparently number true benefit to fully banning cryptocurrencies due to the financial passes they take along.
Also, possibly since it's virtually difficult to shut down the crypto-world for so long as the net exists. Regulators can only just concentrate on places wherever they may have the ability to exercise some get a handle on, which appears to be where cryptocurrencies meet fiat currencies (i.e. the cryptocurrency exchanges).
While cryptocurrencies look to come below more scrutiny as time advances, such events do gain some countries like Hong Kong. Because the Chinese ICO bar, several pioneers of cryptocurrency tasks have been pushed from the mainland to the city. Aurelian Menant, CEO of Gatecoin, stated that the company received "a large number of inquiries from blockchain challenge leaders situated in the mainland" and that there's been an visible rise in the amount of Asian clients registering on the platform.
Seeking slightly more, companies like Nvidia have stated positivity from the event. They maintain this ICO ban will only fuel their GPU revenue, because the ban will likely boost the need for cryptocurrency-related GPUs. With the ban, the only way to acquire cryptocurrencies mined with GPUs would be to quarry them with processing power. As such,