Topic: bcap memorandum (Read 250 times)
Very restrictive process for sale of token
hi, I was trying to make sense out of the BCAP memorandum (as someone has already pointed out, it's likely the most lawyered up token in the market), but this part kinda worries me:
“By executing the Subscription Agreement, you will attest that…you…are purchasing the BCAP Tokens for your own account for investment purposes only and not with a view to resale or distribution” and in compliance with the U.S. Patriot Act, ”as amended.”
what does this mean? is trading the token forbidden? i see that it talks about the patriot act, so does this apply on US citizens? so can europeans\asians\whatever trade it as they prefer?
“By executing the Subscription Agreement, you will attest that…you…are purchasing the BCAP Tokens for your own account for investment purposes only and not with a view to resale or distribution” and in compliance with the U.S. Patriot Act, ”as amended.”
what does this mean? is trading the token forbidden? i see that it talks about the patriot act, so does this apply on US citizens? so can europeans\asians\whatever trade it as they prefer?
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