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RE: China Bans ICOs, Is This Good News Or Bad News?

in #cryptocurrency7 years ago

We all knew it was getting scrutinized by governments, China and Russia along with others have been looking to replace the dollar, I still believe they along with other governments will come out with a gold backed crypto coin.
The US and others will get many agencies involved in closing many cryptos down as illegitimate operations, making them illegal.
If people believe it bitcoin, and etherium and especially litecoin and they offer ligitamate companies, I would stack up on the decline.
Just my thoughts but it something that's was coming.
Gold and silver are very good options also.