Topic: for US Citizens: if you use VPN to buy into ICO, can the Government penalize? - page 3. (Read 3681 times)

They can track you if they want to, regardless of using a VPS or not. Id advice not to buy if its against the law, you might get into trouble.

No, they can't penalize you, once you use a VPN you become invisible and nobody can see what you did, not even your ISP, SEC, FBI, CIA.

*Sarcasm off*

Maybe I am missing something, but everyone here seems to have this backwards. The US government isn't going to come after US citizens who buy coins in an ICO. Why would they? I don't even think there is a law against buying coins.

The law pertains to selling the coins to US citizens, not buying them. If an ICO sells to US citizens, the US government, in all its oppressive fury, can say that the ICO, by selling to US citizens, must comply with US law. Then, they can come down on the ICO founders, destroy them, and take all their money. In the name of justice, of course. It's the American way.

So, naturally, ICOs may not want to do business with US citizens, as they don't want to be subject to draconian US laws. That's why they won't sell to you. They would like your money, but it's just safer to avoid Americans altogether. European banks have been cutting loose their US customers for years now, for similar reasons, making life for US expats nearly impossible.

By lying about who you are, you are exposing an innocent start-up company to the risk of US law destroying them. I suppose that, if they found out, you might be guilty of some kind of breach of contract. It would depend on the laws of the country they are based in, and that would be civil matter anyway - not a criminal matter.

The US government, in fact, might be thrilled by you buying into such an ICO. It gives them an excuse to go after the start-up, squash them and take their money.

Just follow the government's rules and you'll be safe mate. There's no point of risking your life into this kind of thing if the penalty is really critical. I'm my self will keep obeying the rules given by the local government instead of breaking and gets punished. If you think Furthermore, life is unfair but well, that's life.

It's always risky to participate in ICOs when you're from the United States as most of the recent ICOs have a term listed which states that you are not from the United States. Yes you will be anonymous using a VPN to send funds during the ICO but all your trades and token usages should be through the VPN itself or else you're putting yourself at risk.

VPS would leave the information?

But that wiill be difficult, There is a lot of people from US already cheated the system to participate in ico, that was why some ico already applied the KYC approval to participate in the ico.
It seems you will be fine and will not get any punishment for that. But you will not do it again for sure.

Never send from exchange to ICO as a rule.

Don't ever send from an exchange to a ICO.

Just don't send the btc from Coinbase and you may not have to use a VPN. The IRS is trying to get details from Coinbase on American bitcoin spending habits.

IMO, I don’t think the USA government will be able to track since you are using a VPS.  However please do be careful and DO NOT use the VPS to key in private key and sensitive data.

Why would they penalize you? Who said we are not suppose to participate in ICO. I'm buying daily without a vpn and I live in USA

So I live in the USA, New York State.

If I use a VPN to buy into an ICO, will the US Gov't or even New York state government punish me somehow?