I wonder if this has a reverse affect though, seeing how it's not official news yet? but regardless I wonder if many of the chinese peeps end up loading up now in order for the ICO's coming or wait for a dump before moving in. Will be interesting seeing how China has lost a considerable amount of power in such scenarios.
Any attempt to impose their control in the field of crypto currency always ends badly.
Everybody has already seen what what sad results having this action in the regulation of cash flows on the banking sector.
And so the crypto currency was created as a decentralized asset.
With all due respect, what is happening in China now (I mean their laws and regulations with the control of the Internet and the financial sector) suggests that they are in deep crisis and we see the escape of investors from the Chinese market.
That is nonsense. China and Russia will be some of the first countries to put their currencies on the blockchain backed by gold to destroy the US Dollar as World Reserve Currency. They have more faith in decentralisation than the Western countries. The unipolar world order originates from the West, not the East. China is far more capitalistic than any Western country and yet people remain living forty years in the past and applying the concepts of that time to the present. Have you forgotten that Americans are not allowed to participate in ICOs? Is the United States of America now in a big crisis? Well....maybe they are.....they have vast external debt and a trade deficit of $580 billion dollars per year. China on the other hand has only internal debt. A similar situation applies to Russia. China and Russia have realised that to continue in the footsteps of the West on the path to hegemony is not a valid path at all and instead seek to introduce a multipolar world. Multipolarism implies decentralisation. It is a redistribution of power....a decentralisation.....a return of the respecting of national sovereignty.
It is not necessary to turn crypto-currencies into a tool for fighting against the US dollar.
Any fiat currency is tightly controlled by its government.
That is why, people who have a decent capital leaving in a crypto currency.
Today, any financial transactions for any currency with amounts in the equivalent of $ 100k are tightly controlled by the international banking system.
For you can be blocked by an account and demand an explanation of where you have money from.
It is obvious that this approach, does not arrange serious investors and businessmen.
Now against this background, a Chinese crypto currency appears, in which it says that your account can be verified.
Obviously, it will not lead to anything good.
If I see that any cryptocurrency project is supported by any government, whether Russian or Chinese, I will never invest my money in such a crypto currency.
, ty u all Matrix hypers and fomo guys 
