This is extremely bullish to me. ICOs will come back in China but it will be regulated. They did the same thing when the locked BTC withdrawals on exchanges for like 4 months earlier in the year. Now they have some of the best run exchanges out there.

I am anti Government but since such entities exist and people don't like to responsibility for their own actions. I would rather have these ICOs nixed early than have people lose their ass and come back bitching at regulators and have them over react.

When you have Paris Hilton pumping an ICO who probably can't even set up a wallet, and Floyd Maywether who can't even read. And people are buying this shit? Its gotten out of hand.