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RE: China Bans ICOs, Is This Good News Or Bad News?

in #cryptocurrency7 years ago

ICOs do not convert Fiat currency to digital tokens or the other way around. So to me, it seems like this doesn't actually affect 99% of ICOs since Ethereum (the token used to buy 99% of ICOs) is not a Fiat currency.

When you send ETH and receive digital tokens, you sent digital tokens to receive digital tokens.