Can US Citizens Participate in ICOs??? - page 4.

_ICOBroker_

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rasho321

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To put this into perspective, the United States is quite strict when it comes to investment regulations. Only accredited investors can partake in private placements of securities. While some people would urge all cryptocurrency ICOs are tokens and not securities, regulators will have a very different opinion regarding this matter. A lot of the ICOs we have seen can be labeled as traditional sales of equity.

Once the SEC will effectively intervene in cryptocurrency ICOs – which is only a matter of time – things will get very interesting, to say the least. A lot of previous ICOs didn’t take the necessary steps to “deny” US citizens from investing. All of those projects and their teams are at the mercy of the SEC for the time being. Violating US securities laws is not something anyone wants to deal with. Additionally, these laws can also be enforced upon non-US companies, which makes it even more important to take countermeasures.

Usuadog

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Quote from: cryptolit on November 13, 2017, 03:44:52 AM

US citizens can participate in US ICOs but that's all. It's all to do with regulation so ICOs from elsewhere, Europe for example, should block people from participating with an IP address from America. It's quite difficult for people from elsewhere in the world to participate in US ICOs, lots of hoops to jump.

A working proxy or any other type of information that will prove that the person is not in the USA is a nice effort to make it possible to participate in ICO's that restrict USA users.

kioicoin

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I think this depends on the project itself. Some projects they dont want to get trouble in future, so they ban the participation from US citiyens.

borovichok

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Well that in the US is not forbidden vpn Tongue

It looks strange, the United States is such a developed and advanced country, but US citizens can not participate in the ICO.

chefcryptoshark

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Quote from: rube08 on November 03, 2017, 01:06:43 PM

There are a lot of ICO's that restrict US citizens. The ones that do restrict US Citizens are the ones that are trying to be in compliant with SEC so that they do not get fined by them. The other ones don’t think about the SEC, don’t even think that SEC could reach them, or just don’t care about the SEC.

This is how I read your comment:

"An extradition treaty exists: No sales to US citizens. No extradition treaty: All are welcome."

lol

keycellko

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There are icos that US citizens are not allowed to join. The SEC rule is a thing to take note of if you want to join one. But there are icos in which the US ip address is banned from joining.

active706

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Quote from: cris17 on November 13, 2017, 03:04:14 PM

Quote from: cryptolit on November 13, 2017, 03:44:52 AM

US citizens can participate in US ICOs but that's all. It's all to do with regulation so ICOs from elsewhere, Europe for example, should block people from participating with an IP address from America. It's quite difficult for people from elsewhere in the world to participate in US ICOs, lots of hoops to jump.

Why you think so? For example I want to participate in Qchain (and as I know its US ICO), so I can't do it, because I'm not US citizen? Don't think so.

Anyone can Join Qchan's ICO, I already joined and I'm not US citizen.

cris17

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Quote from: cryptolit on November 13, 2017, 03:44:52 AM

US citizens can participate in US ICOs but that's all. It's all to do with regulation so ICOs from elsewhere, Europe for example, should block people from participating with an IP address from America. It's quite difficult for people from elsewhere in the world to participate in US ICOs, lots of hoops to jump.

Why you think so? For example I want to participate in Qchain (and as I know its US ICO), so I can't do it, because I'm not US citizen? Don't think so.

cryptolit

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US citizens can participate in US ICOs but that's all. It's all to do with regulation so ICOs from elsewhere, Europe for example, should block people from participating with an IP address from America. It's quite difficult for people from elsewhere in the world to participate in US ICOs, lots of hoops to jump.

Junixi

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Quote from: redhondaxrm125 on November 04, 2017, 05:54:39 PM

Yes and no. Probably because of the restrictions of crypto currencies in the US. That is why a lot of ICOs do not let US citizens to participate in their ICOs. Unfair it is, but that's just how things work. Nothing we can do about that.
But there are also a lot that accepts US citizens but there really aren't a lot that I have seen. But anyways, i wish this changes soon because a lot of US citizens are really into crypto currencies. This would really be great for the crypto world.

What kind of restrictions are you talking about?

Tosyn2

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Us citizens can if only if is not a security token and doesn't go against the rule of SEC. And that's the reason why some ico ask participants to go through kyc.

kanmo

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Yes US citizens can participate in ICO but there are some restrictions because of the SEC rule.

Wipro

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Quote from: FrankNoland on November 13, 2017, 12:43:52 AM

Quote from: MWalk on November 03, 2017, 12:53:22 PM

Can US Citizens Participate in ICOs???

The last time I checked, US investors were banned from participating in ICOs. The SEC was against investing in ICOs and ended up approving it as being an illegal activity. I have seen a lot of ICO websites whereby all American IP addresses where blocked and some investors ended up having access through the usage of VPNs, not sure if that is legal or not. Hopefully, American investors will have to buy once the coins are listed on major exchanges.

If they comes with the VPN software or plug in what can be done. I think this a stupid question. If the country banned usage of ICO also you can use the token with the different country's exchange or wallet where the site organization put in. That is international law. From the trader you can exchange that as bitcoin where legal or convert as fiat currency with the traders means nothing will gonna affect.

YayProto

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They can, if tokens are utility.

Dr0idGuru

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If the token is not considered a security, US citizens can participate in ICOs.
Being or not a security, is the grey area.

FrankNoland

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Quote from: MWalk on November 03, 2017, 12:53:22 PM

Can US Citizens Participate in ICOs???

The last time I checked, US investors were banned from participating in ICOs. The SEC was against investing in ICOs and ended up approving it as being an illegal activity. I have seen a lot of ICO websites whereby all American IP addresses where blocked and some investors ended up having access through the usage of VPNs, not sure if that is legal or not. Hopefully, American investors will have to buy once the coins are listed on major exchanges.

saymynem

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johnsaributua

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PredX - AI-Powered Prediction Market

there are some ICOs that only allow certain citizens to participate. but I think most ICOs allow any citizens from world wide to participate.
But I dont know how about regulation from US Government about participation in ICOs

Darker45

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Quote from: MWalk on November 03, 2017, 12:53:22 PM

Can US Citizens Participate in ICOs???

Most of the ICOs that I encountered do not allow US citizens to participate. The same is true to people who are based in Singapore. I am actually thinking that a very huge potential is really untapped here in both countries. But there are a few ICOs who are indifferent to both the countries' SEC laws and policies disallowing them to venture into ICOs. This is going to be a huge legal risk to these projects.

Topic: Can US Citizens Participate in ICOs??? - page 4. (Read 1707 times)