Can someone please explain something for me I can't seem to find anywhere. It's illegal for security type icos to be held in the us/for us customers. But does this only count for the ico? Once the ico has taken place is it legal for us citizens to buy/sell these tokens on exchanges?
The ban is for the ICO only, the US doesn't forbid companies that use the blockchain to function, or bring services other companies that will use said services, so there are no problems for PayPie in that regard, there are no problems for US citizens holding Paypie tokens either, so a US citizen can be part of the platform if he/she just buy it somewhere, but participate on the ICO, that is a no.
Thanks for the clear explanation. I think lots of people were wondering, great help!
So that means, as long as ICO still take place, US citizens aren't allowed to buy paypie but in the future when ICO already ended and paypie has been traded on exchangers, they can buy, hold or sell it?
Yeah, according to the law but, if you don't give a shite about it, then anyone can participate from any corner of the world.
If you use VPN, you could participate, nobody would know it was you because the blockchain is untraceable, so once you have your tokens in your wallet, you are godd to go and be part of the platform, but THAT Paypie can tell you, they must follow the law in the USA and actively announce they can't accept USA citizens.
yep, the beauty of the blockchain. Moreover, no one cares about your location.