ICO Ban in China Fails To Stop Investors in Trading in Cryptocurrencies

Recently, China banned ICO trading completely, but it seems as if it will take more than a government ban on ICOs to divert Chinese investors away from trading in cryptocurrencies. As per report published in Chinese publication Caixin Global, Chinese investors as well as issuers have found a way around the recent ban on cryptocurrency trading, which came into effect late last year. Its popularity amongst investors is also due to best ICO marketing techniques utilized by various companies and projects to attract potential investors to invest in their project. 

Asia is the main source for ICO demand, but China enacted laws to ban cryptotoken sales in September last year. South Korea was the second asian nation to follow the suit. Despite of government bans, Asia, especially Japan, South Korea, and China remain actively involved in cryptocurrency trade. Investors in these countries are always on the look put for opportunities to reinvest their profits in promising ICOs. In a way, it is good news for startups who are looking to raise capital to introduce new cryptocurrency in market only to be setback by recent bans by governments in these countries. It means that upcoming ICOs should continue to invest in hiring the best ICO marketing services because its popularity does not seem to be fading anytime soon.

Although new companies and projects can also undertake their ICO marketing in their own hands by marketing and advertising it by themselves through various social media platforms, it is recommended to the issuers of upcoming ICOs to hire experienced and knowledgeable ICO marketing services provider to create and implement an effective marketing strategy to spread a word about their ICO as wide as possible in a quick time. Your brand should be well-known to people so that they can know about it and gain information in your offerings. You will also need to win the trust of potential investors if you hope to attract their investments. These are days when new ICO offerings are viewed with scepticism due to many frauds and scams taking place. Therefore, you have to build your brand awareness and be transparent in the information that you provide to the people about your new project.