China’s ICO Ban Temporary

According to Coindesk, China’s recent ban on Initial Coin Offerings is only temporary until regulators come up with a suitable framework that will likely involve some sort of licensing. It is suggested by many analysts that Bitcoin and ICOs have been a major channel for moving money out of China. Chinese authorities have implemented a policy of closed capital accounts which limits the amounts and types of investments individuals and corporations can make outside of China. A regulatory framework around ICOs could provide policies and procedures that would assist in managing and controlling the ICOs.