Charlie spent some time in prison, because his exchange helped launder 1 million dollars worth of BTC for the Silk Road and the exchange was not properly licensed.
Is that a federal offence? Sounds like it? How is he running an ICO?
Yes, its no secret I've spent 1 year in prison due to my involvement in BitInstant - you can read about it here: https://news.bitcoin.com/charlie-shrem-home-moving-onward/
Charlie spent some time in prison, because his exchange helped launder 1 million dollars worth of BTC for the Silk Road and the exchange was not properly licensed.
Is that a federal offence? Sounds like it? How is he running an ICO?
The company is registered in the Caymen Islands and US residents are blocked from participating. This probably makes it beyond the jurisdiction of the USA.
Most token offerings allow anyone to participate. US law is still grey, I'm not taking chances.
I dont handle regulatory, compliance. I work with technology, being the CTO of this project.
Got it, thank you!
-Charlie Shrem