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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 londons_explore on Tuesday December 12, 2017 @05:39AM (#15904470)
A simple dropdown saying "citizenship" and then turning red with an error message saying "United States is not allowed. Did you mean United Kingdom instead?" will encourage most people to put something else.

Then the company can fairly legitimately say "The customer lied to us about their citizenship. We took all reasonable measures to determine their citizenship, because there isn't a freely available database of which people have which citizenships"

[ Parent | on HN ]
Re:Statement on Cryptocurrencies and Initial Coin Offerings by tfha on Tuesday December 12, 2017 @12:02PM (#15907151)
My understanding is that the SEC expects you to require proof of an alternate citizenship via a passport. Simply having a drop-down that users can lie about by clicking a box or using a VPN is not good enough.
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