Speculation away, what is actually planning on? Because China's ICO bar, different world-leading economies are having a new consider how the cryptocurrency earth should/ can be governed inside their regions. Rather than banning ICOs, other nations however recognize the technological great things about crypto-technology, and are looking into handling the market without fully stifling the development of the currencies.


The major problem for these economies would be to figure out how to achieve this, as the choice character of the cryptocurrencies do not let them to be classified under the policies of traditional investment Cryptocurrency insurance. Several of those countries include Japan, Singapore and the US. These economies find to determine accounting criteria for cryptocurrencies, primarily to be able to manage income laundering and scam, which were rendered more elusive as a result of crypto-technology.


However, most regulators do recognize that there is apparently number actual benefit to totally banning cryptocurrencies because of the financial moves that they bring along. Also, probably because it's virtually difficult to power down the crypto-world for so long as the internet exists. Regulators can only just focus on areas where they could manage to exercise some control, which is apparently wherever cryptocurrencies meet fiat currencies (i.e. the cryptocurrency exchanges).


While cryptocurrencies appear ahead under more scrutiny as time progresses, such events do benefit some nations like Hong Kong. Because the Asian ICO bar, many founders of cryptocurrency projects have now been pushed from the mainland to the city. Aurelian Menant, CEO of Gatecoin, said that the organization acquired "a large number of inquiries from blockchain challenge pioneers situated in the mainland" and that there has been an observable spike in the number of Asian clients joining on the platform.


Looking slightly more, companies like Nvidia have stated positivity from the event. They state that this ICO ban is only going to gas their GPU sales, as the ban will likely boost the demand for cryptocurrency-related GPUs. With the bar, the only path to obtain cryptocurrencies mined with GPUs would be to mine them with research power. As a result, persons seeking to obtain cryptocurrencies in China are in possession of to obtain more research power, in place of making straight purchases via exchanges.