A white paper has been released detailing the protocol. As per the protocol, the ICO could respond to the action of buyers., released today, the authors detail a system by which an ICO could respond to the actions of buyers.
"All trading exchanges must by midnight of September 15 publish a notice to make clear when they will stop all cryptocurrency trading and announce a stop to new user registrations”, states a Chinese government notice.
The major China-based cryptocurrency exchanges are among the world's top 20 by trading volume, reveals the data from CoinMarketCap. As authorities have tightened regulation, the development of cryptocurrencies in China will slow down and trading volume will definitely shrink.