Speculation away, what is actually going on? Because China's ICO ban, different world-leading economies are going for a fresh explore the way the cryptocurrency world should/ may be governed inside their regions. As opposed to banning ICOs, other nations still recognise the technological advantages of crypto-technology, and are considering preventing industry without absolutely stifling the development of the currencies. The big issue for these economies is to figure out how to do this, as the choice nature of the cryptocurrencies don't let them to be classified under the policies of traditional investment assets.

Many of these nations contain Japan, Singapore and the US. These economies find to ascertain sales standards for cryptocurrencies, largely in order to manage income laundering and fraud, which were made more challenging as a result of crypto-technology. Yet, many regulators do identify that there appears to be no real gain to fully banning cryptocurrencies because of the financial runs which they hold along.

Also, possibly since it's practically difficult to power down the crypto-world for provided that the net exists. Regulators can only just focus on places where they might manage to exercise some control, which seems to be where cryptocurrencies meet fiat currencies (i.e. the cryptocurrency exchanges).

While cryptocurrencies look ahead below more scrutiny as time progresses, such events do benefit some nations like Hong Kong. Considering crypto passive income that the Chinese ICO bar, many leaders of cryptocurrency projects have been driven from the mainland to the city. Aurelian Menant, CEO of Gatecoin, said that the business acquired "a large number of inquiries from blockchain challenge pioneers located in the mainland" and that there has been an observable rise in the number of Chinese clients registering on the platform.

Looking slightly further, organizations like Nvidia have stated positivity from the event. They state this ICO ban is only going to gas their GPU revenue, whilst the ban will probably increase the need for cryptocurrency-related GPUs. With the bar, the only path to obtain cryptocurrencies mined with GPUs would be to quarry them with research power. Therefore,

persons seeking to obtain cryptocurrencies in China will have to acquire more research energy, in place of making right purchases via exchanges. In essence, Nvidia's statements is that this isn't a downhill spiral for cryptocurrencies; in fact, different industries can receive a boost as well.