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A comment on Statement on Cryptocurrencies and Initial Coin Offerings. Parent comment

Re:Statement on Cryptocurrencies and Initial Coin Offerings by sah2ed on Tuesday December 12, 2017 @01:49AM (#15903500)
Filecoin's ICO seems to be one of the few exceptions to follow securities law.

https://www.cryptocoinsnews.com/filecoin-ico-raises-record-2...

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Re:Statement on Cryptocurrencies and Initial Coin Offerings by Alex3917 on Tuesday December 12, 2017 @09:44AM (#15905846)
> Filecoin's ICO seems to be one of the few exceptions to follow securities law.

The SEC commissioner said that no ICO has registered as a security so far. Given that Filecoin was one of the only ICOs to openly advertise themselves as being a security, it seems like they could be in even more legal trouble than everyone else.

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Re:Statement on Cryptocurrencies and Initial Coin Offerings by tfha on Tuesday December 12, 2017 @12:03PM (#15907166)
They filed a Reg D exemption, which is different from a registration, but allows you to legally offer securities if you comply with a narrow set of restrictions.
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