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RE: China to release new Policy & Regulations on Crypto trading soon! 👍
NEO actually makes it a big point to be global as opposed to Chinese. It's more us westerners pegging them as the Ethereum of China - they are not all that popular in China I understand! It's mostly western buying power increasing the price so far.
But I do think that when China opens up, the price of NEO will increase a lot. Maybe it's not even Chinese people buying then either.. but again us westerners again :)
I have heard that it is not popular in China....while the Westerners are buying it because they think it's going to be popular in China. Sounds like a dangerous disconnect there. Enough of a red flag for me to stay away for now.