I think the Cryptomarket is slowly being recognized as a legitimate market by the governments themselves that's why they are banning or being more strict on ICOs as a whole. It would be bad for a big market to have penny stock scams as it would drive out future investors.
That's how I see the current situation right now with the movements of China and South Korea on ICOs. They know this will flourish in the future so they're at least weeding out the bad as early as it is to attract more investors in the future. Once crypto reaches $500bn market cap as a whole, it'll be then recognized by even wallstreet investors that this is a healthy market. Just stay strong and HODL, maybe day trade your coin if you're feeling lucky
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