China's Central Bank Bans ICOs

Re:China's Central Bank Bans ICOs by throwawaybbqed on Monday September 04, 2017 @08:58AM (#15167905)

What? I can't take 10K from my parents/friends and give them equity?

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Re:China's Central Bank Bans ICOs by rothbardrand on Monday September 04, 2017 @09:25AM (#15168047)

It's highly limited. If you have 300 friends you can't take $10k from each, unless they are accredited.

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Re:China's Central Bank Bans ICOs by vernon99 on Monday September 04, 2017 @02:39PM (#15170047)

This is why syndicates exist. Not a problem at all. Edit: not the only reason why they exist :) but a major one. To explain a bit more: syndicates allow you to consolidate multiple investors (not necessarily acredited) in an investment vehicle that then owns a chunk of stock in the company.

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Re:China's Central Bank Bans ICOs by girvo on Monday September 04, 2017 @09:24AM (#15168039)

Don't quote me on this, but there's a specific-ish exemption for family/friends if I recall correctly.

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Re:China's Central Bank Bans ICOs by nivertech on Monday September 04, 2017 @12:45PM (#15169329)

there are specific exemptions for family, for friends and for fools ;)

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