Crypto's are unstoppable and countries cracking down on it will miss out on huge wealth creation. In the long run these countries will suffer and get forced to join. Beside that it is China style to first announce it illegal and then legalize it in a regulated way (same as the crack down on BTC exchanges about a year ago).

I think this could be very bullish for NEO, because there is a chance that China will allow only this platform to launch ICO's in China, because it is a Chinese platform and they can control it more easily than an alien platform like Ethereum. This will give NEO a monopoly in China.