First the ICOs are banned in US and now exchanges are being banned(read as regulations). I think Chinese will benefit the most from these kind of extreme regulations. Looks like Chinese are doing a better job at regulating cryptocurrencies/ICOs to the right extent, just make sure that they are not stifling the innovation but making sure that innocent people are not being robbed off their money.
Will chinese be the new Super power once the crypocurrencies go mainstream? May be.
It's certainly possible - they already have a headstart in some respects.
China or maybe Russia....
Russia is making some major steps and moving really fast!
While that's true, I just read a story a few days ago about the finance minister or some top beaurocrat in Russia coming out saying that only "qualified" investors should be eligible to trade crypto currencies because it was hard to argue that "cryptocurrencies are not a pyramid scheme" and “For ordinary people, there’s no way because these are very dangerous investments that could lead to loss of money.”
Which I find hysterically ironic when you think about what he's saying.
Ah, good ol' gubment, doing it's best to save us all from ourselves! And helping their friends along the way. At least they're consistent!
Edit (link to the article): https://cointelegraph.com/news/suddenly-russia-plans-to-ban-cryptocurrency-sales-to-ordinary-people
Yea gooberment around the world is excessively goobery....
All the more reason to liberate, educate and take care of ones self!