Dubbed as the “Chinese Ethereum,” NEO could possibly benefit over the long term with Chinese regulatory rules on Initial Coin Offerings (ICOs).The Chinese government’s regulations on ICOs stem from public outrage over the large number of pyramid schemes in the country. China is set to decide on the proposed ICO regulatory measures this September following public consultations. The regulations will focus on various fundraising activities in China, including Initial Coin Offerings. If these proposed regulations are made into law, they will likely help boost NEO since the regulated ICO market will give investors confidence.
Source:-https://cointelegraph.com/news/neo-to-benefit-from-chinese-ico-regulations
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