Please provide the links or references from where you are stating this. It is simply illogical to declare Bounties illegal, if ICOs are not banned then bounties are not other than just marketing of project.
I don't know what is the purpose behind this declaration but it doesn't make sense to stop bounties.
Topic: Bounties illegal According to SEC? - page 2. (Read 319 times)
Yes, I've read it .for some ICO who decided not to use the bounty for support and marketing. . But the SEC has also acknowledged that true ICO can be an investment opportunity and legitimate. The bounty program is not an illegal issue, I think it's just another matter of consideration in the marketing
approach.
I am aware that if the initial coin supply community (ICO) needs to embrace its own rules now to reduce the likelihood of a blow from law enforcement and regulatory action. Actually bounty is helpfull program should be taken for their approach on tokensale.
approach.
I am aware that if the initial coin supply community (ICO) needs to embrace its own rules now to reduce the likelihood of a blow from law enforcement and regulatory action. Actually bounty is helpfull program should be taken for their approach on tokensale.
Members wants your opinion in this, i heard and read somewhere that SEC declared that bounties are illegal infact some ICOs not starting the bounty program just because this reason, Need your view regarding this?
It were look like illegal because of anonymity no one knows who were the participants behind the program because it may lead to illegal activities
Always make a thread with link to prove your words as there are always rumors spreading in the market and rumor spread like a wild fire. Americans have their own laws so many ICO's not allowed americans.
Members wants your opinion in this, i heard and read somewhere that SEC declared that bounties are illegal infact some ICOs not starting the bounty program just because this reason, Need your view regarding this?
Bring proof!
My opinion - if the bounty is outlawed, then they need to legalize.
Even if it is the same KYC and simple agreement with the legal aspects.
Our work is also investing in the project, albeit not financial and labour, so if you want to legalize and run it to the community - I don't mind.
Especially since with political games with cryptocurrency, we will soon forget what anonymity is, or part of the community will go to darkweb.
That with this development of the industry as a whole will not be real.
Hello, thank you for intresting question. As far as I can see, the problem is that every token holder - and bounty hunter - needs to be identified. So if bounty campaign is using KYC-procedure - that means that the project is serious and understands the reality. There will be no problems at all if every holder of tokens will be identified in order to pay taxes. For me it is very good - crypto will be much more confident.
Members wants your opinion in this, i heard and read somewhere that SEC declared that bounties are illegal infact some ICOs not starting the bounty program just because this reason, Need your view regarding this?
1. You should post the link ar article were you found this info.
2. Try harder to make a sentence that makes sense. The are plenty of tools that could help you with your English. Stop posting thin incoherent gibberish.
If they consider bounty as illegal this could be because they have some fears about transferring money to just anyone not legally binding to the ICO project and hence remain anonymous such that if the funds could be used against national security, it could harm other people like funding for a terrorist attack. This could be I think is the reason.
For as a bounty worker there is nothing wrong with it because they getting our service to advertise their company as well as their product. Maybe the ICO who are not registering their company to SEC that is illegal that is the rule in my country.
The thing we call Bounty is some kind of advertising. Just as companies outside of the crypto sector have specific advertising budgets, the new projects are also transferring a certain share to the bounty campaigns.
I wonder if FB/Google/etc are also bounty advertisements illegal on their platforms, after making ICO ads illegal. Because, as you said, they're basically the same as advertising.
The thing we call Bounty is some kind of advertising. Just as companies outside of the crypto sector have specific advertising budgets, the new projects are also transferring a certain share to the bounty campaigns.
In theory you are not investing, you have not been solicited and you are joining a campaign on "tips only" basis, so even if the token is a security, you don´t need to be an investor.
So if an ICO project oriented object is a citizen of the United States, so they may not be able to offer a bounty thread, because it looks more like a publicity channels, and this is not allowed in the United States, so it makes me feel very upset.
Members wants your opinion in this, i heard and read somewhere that SEC declared that bounties are illegal infact some ICOs not starting the bounty program just because this reason, Need your view regarding this?
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