China ban ICO

These days Chinas Central Bank has banned ICO, because China see ICO as illegal method of rising money. The short reaction on such “bad news” was that Bitcoin, Ether and other crypto currencies have lost about 30% on value. Due to the reason that cryptocurrencies are designed to be decentralized payment method, without the possibility that any country/organization is deciding to use it or not, such news from China can have positive effects for long term development of cryptocurrencies.

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