Chinese Ban On ICOs Isn’t End of Fintech, Blockchain Development

PMBC’s client featured on Cointelegraph.

Various industry pundits believe China’s latest move in banning ICO’s does not necessarily mean the end for FinTech companies involved in Blockchain and cryptocurrency ventures.

According to a report by CNBC, China’s ban on ICOs may stop many Bitcoin-related crimes and scams and improve the market in the long run. However, the move will definitely not shut down ICOs entirely.

Temporary pause, but not a full stop

Sasha Ivanov, CEO of Waves, thinks that the move will definitely help the industry. He predicted that regulated ICOs will have a place in China in the future.

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