What are peoples thoughts on coins that offer profit distribution? Would you invest.
I think they're great as theyre appealing to investors but I don't know what the average investor thinks.
Topic: Are ICOs outside of the USA affected by SEC? (Read 84 times)
Is this true though - I very rarely see profit distributing coins anymore :/
Hi
So just wondering with all the rules the SEC have posted on utility coins and profit distributing coins - can the SEC really say anything about ICOs outside of the US that are undertaking these characteristics (such as a burn, profit distribution etc)
So just wondering with all the rules the SEC have posted on utility coins and profit distributing coins - can the SEC really say anything about ICOs outside of the US that are undertaking these characteristics (such as a burn, profit distribution etc)
No the sec cannot do anything about icos in other countries. That is up to the local authorities.
However, they can make laws for American citizens engaging in these icos. That's why you often see Americans being excluded from participation of certain icos.
Don't quote me on this as I am not a lawyer or anything nor do I live in the US . But I'm pretty sure they can't do anything with ICO's in other countries.
My reason for this thinking is because.. SEC doesn't exist in everyone else's countries. Maybe others but it doesn't in mine so really there rules don't apply because they have no say in those different countries.
So really if a ICO was doing things they didn't like but are in a whole different country that they have no jurisdiction in them in my opinion they can't do shit about it. They have no say in those countries and no pull.
My reason for this thinking is because.. SEC doesn't exist in everyone else's countries. Maybe others but it doesn't in mine so really there rules don't apply because they have no say in those different countries.
So really if a ICO was doing things they didn't like but are in a whole different country that they have no jurisdiction in them in my opinion they can't do shit about it. They have no say in those countries and no pull.
Hi
So just wondering with all the rules the SEC have posted on utility coins and profit distributing coins - can the SEC really say anything about ICOs outside of the US that are undertaking these characteristics (such as a burn, profit distribution etc)
So just wondering with all the rules the SEC have posted on utility coins and profit distributing coins - can the SEC really say anything about ICOs outside of the US that are undertaking these characteristics (such as a burn, profit distribution etc)
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