Re:Investing in ICOs May Be Even Riskier Than You Realize
by blfr on Monday November 06, 2017 @03:42PM
(#15638833)
I understand that people offering the tokens ("promoters") may be breaking the securities law, I can somewhat understand that exchanges listing them may be breaking the law, but under what conditions can buyers/investors be breaking the law?
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Re:Investing in ICOs May Be Even Riskier Than You Realize
by vasilipupkin on Monday November 06, 2017 @04:02PM
(#15638981)
you break the law if you sell the token. So, suppose you buy it on an exchange and then sell it to a non-accredited investor. if the token is a security, you selling it is breaking the law, even if you are not the issuer.