If you have already done the KYC process by September 7th and you don't have received a negative response, you have been accepted!
In Red Pulse you can participate only with NEO coins; if you don't have a wallet you can buy it in bigger and better exchanges, and then bring it to your personal portfolio ... never leave in the exchange!
The Chinese government has not blocked ICO forever; it cannot and does not agree. He just has to regulate it and in this way is making the world see that it is a strong country that makes strong decisions .... but it will not stop the carousel
When everything is finished, ICO will resume as before and NEO will resume climbing.
The SEC also announced a Cyber Unit to start regulating ICOs in the US. Hopefully this will lead to more investors/buyers in the long run!
I think ICO's will be regulated, not banned. The US market potential is massive, I doubt they'll choose losing that over following government rules. We'll see I guess, time will tell