Get ready to sending in your Identification cards & Passports to some unknown people in Slovenia.
4.1 THE WEBSITE AND ITS PRODUCTS ARE NOT OFFERED FOR USE TO THE CITIZENS OF THE UNITED STATES OF AMERICA (“USA”) REGARDLESS OF THEIR LOCATION Well, I'll send you back to the reply I've just posted on another so called "crypto-anarchist-anon".
If Iconomi is to be a proper financial institution, selling crypto assets to traditionnal VC investors, they've got to provide the means to achieve this.
This is KYC. This is AML.
This. Is. Law. This is regulation.
You don't have to agree with it, you don't have to comply with it, but then you stay out.
Of course, you can stay with the kids and play with pocket money, wondering why the whole crypto market cap is still peanuts compared to traditionnal hedge funds, after a mere 8 years of activity.
Or you can realise the old-economy whales will want legitimate businesses to invest big time in, not shady anon pnd exchanges for the tech-savvy crypto-geeks. I'm looking at you, Polo.
You're missing the point which is :
4.1 THE WEBSITE AND ITS PRODUCTS ARE NOT OFFERED FOR USE TO THE CITIZENS OF THE UNITED STATES OF AMERICA (“USA”) REGARDLESS OF THEIR LOCATIONThey collected funds during the ICO from US citizens, now they're blocking them from using the product they invest in.Easy to address it too, as the answer is pretty much the same : this goes back to the same point about law and regulation.
Yes, they indeed offered an ICO in which they allowed anyone to invest in BTC. Nothing illegal here.
Concerning the platform use, though, you cannot really blame them for playing it on the safe side. They never declared US citizens would be able to use it in the first place. Nor did they declare they wouldn't.
Let's assume you're an US citizen and feel wronged because you could invest -in crypto- in the project, but can't use the product.
I'd rather have them deprive - probably temporarily - the US users from using the platform in order to avoid a costly and time consuming legal shitstorm.
You'd apparently rather have them letting you use the product, even if it puts the whole project at stake ?
This is BS.
Totally backing them on being extra careful and launching where they know they can launch safely eg. Europe, and probably even China before the US of A.
Not ICN's fault if the US laws are so restrictive in order to protect morons from themselves, and in order to protect lobbies who write them.
EDIT : By the way, nothing forbids you from hodling ICN, or selling your bag on Kraken.