I don`t think this action was a bad thing at all for cryptocurrencies. Of course, everything crashed in short term but long term it is a good thing. With that, ICO scammers will have it harder to initialize their scams.
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I agree with you, this will only filter the good ICO's from the bad investment. Though there is no clear indication that they will open up for ICO's
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At least for projects which are based in china. But sadly, everyone else in the world can still create a scam project and scam people with it.
Since they monitor all traffic, you sure it wasn't just to start whittling down where Chinese crypto-lovers are located?
what do you mean by that ?
by tracking the traffic