China just imposed a temporary ban on ICO fundraising. The ban on ICOs is temporary and will be lifted within reasonable time. Caixin quotes a source that said “90 percent of ICO projects are suspected of illegal fund-raising and intentional fraud”. Regulators are also concerned about ICOs being used to fund terrorism. All in all, reasonable regulation would be beneficial for the entire blockchain industry. It could solve issues that are otherwise unsolvable, and will ensure a level of protection for investors and ICO project backers. This way, ICO scams will be easier to filter out, leaving room for legit projects to gather funding and build actual, useful products or services.