Re:ICOs at the End of 2017: What We Think We Know and What W...
by wrench604 on Tuesday October 17, 2017 @03:23PM
(#15494012)
The majority of those ICOs are not available to us citizens though. Can you name a recent ICO that allowed non-accredited us investors to participate?
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Re:ICOs at the End of 2017: What We Think We Know and What W...
by AlexCoventry on Tuesday October 17, 2017 @03:37PM
(#15494164)
> Switzerland-based Tezos said it did not specifically exclude investors from any country from participating.
https://www.cnbc.com/2017/07/18/hot-digital-currency-trend-m...
Re:ICOs at the End of 2017: What We Think We Know and What W...
by wrench604 on Tuesday October 17, 2017 @04:12PM
(#15494481)
This ico happened before the sec bulletin was issued:
https://www.sec.gov/oiea/investor-alerts-and-bulletins/ib_co...
Do you have any more recent examples?
Re:ICOs at the End of 2017: What We Think We Know and What W...
by AlexCoventry on Tuesday October 17, 2017 @10:30PM
(#15496451)
I haven't been following closely, recently, but literally the first one I checked has no check on residency [0], which is enough to bring it under SEC jurisdiction if the sale goes over other thresholds.[1]
Sales before and after the bulletin are subject to the same laws.
[0] https://etherparty.io/ico/contribute
[1] https://www.sec.gov/divisions/corpfin/internatl/foreign-priv...
Re:ICOs at the End of 2017: What We Think We Know and What W...
by relyio on Tuesday October 17, 2017 @03:51PM
(#15494266)
There were lots of disclaimers saying:
>"Every potential participant in the fundraiser is responsible for determining the legality of participation within their jurisdiction."
Re:ICOs at the End of 2017: What We Think We Know and What W...
by AlexCoventry on Tuesday October 17, 2017 @04:23PM
(#15494577)
It was totally legal for US residents to participate, as far as I know. I believe almost all the securities-law obligations resulting from the sale are on Tezos. (Not a lawyer.) The only obligation on buyers might be that they can't resell it without being guilty of selling an unregistered security themselves.