Topic: How ICO's decide what countries to blacklist for before their sale? (Read 216 times)
the main reason is that the country does not accept crypto, as in the example of china which states that it will ban crypto, so ico blocks the country on the grounds that the project will not develop in a country that bans crypto. for other reasons such as politics and others, I don't know.
April 15, 2019, 04:10:40 PM
I am honestly confused about their decision to do so, looking at the countries you listed here, these are the most important countries that we need to really adopt cryptocurrency because of their population and technology, how will they then participate in crypto currencies if they are being banned not even by their country but by project developers, well good for them, at least chances of them falling into scam is little, so all these money being raised, which part of the country are they then coming from, are we so sure that these policy is really being followed by them or its just away of diverting attention?
April 15, 2019, 10:01:30 AM
maybe that because cryptocurrency on that country not accepted or mark as ilegal
that why many ico team and developer blocked them for join the ICO
Quote me wrong, with the little I know about cryptocurrency, I don’t think there is any country that has openly declare support for cryptocurrency or openly declared it as illegal, none I believe, so I don’t think they have the right to do what their government has not done, the system is a system created generally for everyone.that why many ico team and developer blocked them for join the ICO
I understand it’s their project, or probably they know that if they fu*k any of these country’s citizens up by scamming them and they raise alarm, it will be easy to detect them than other countries, any project that even does this should first f all be blacklisted by us too until they prove to us the reason behind this.
April 13, 2019, 06:26:20 PM
For example if a project allows US citizens to participate they will fall under US jurisdiction. Projects to avoid
that they exclude US citizens from their sale. So, the projects decide which countries they include into their
ICO or not. This is how it works. We always have to check when participating in ICO if our country is
blacklisted or not.
that they exclude US citizens from their sale. So, the projects decide which countries they include into their
ICO or not. This is how it works. We always have to check when participating in ICO if our country is
blacklisted or not.
April 13, 2019, 03:08:06 PM
I do not think there is a requirement in this matter. This can only be due to the differences of the projects with the regulations of the restricted countries. This choice seems logical.
April 13, 2019, 12:00:20 PM
I have seen ICO's that block mostly USA, North Korea, China and some Middle East countries. Also i have seen ICO's that block more than 10 countries. So its confusing for me why some countries are restricted and why some countries aren not restricted.
They have paid lawyers for the team to determine their legal area to allow people from there to join in the ico. The different country and different rules too and you must put your main concern at this thing. it doesn't matter a lot as long as it's a trusted platform. i don't care so much about that but i care with the team and how trusted they are - How they decide what countries they are blocking?
- What's the difference between ICO's that block say 4 countries or more than 10 countries?
- Does this come into factor when i am investing in such projects?
April 13, 2019, 11:55:57 AM
Mostly because the terms of their countries and it's about the difference in regulation of each country. Like USA, joining an unregistered ICO under SEC is prohibited mainly for security tokens. In China, we know that ICO is illegal. Those are the way countries try to save their citizen. And, to avoid problem for a project later... a project better to prohibit or blacklist those country's citizen from joining their tokensale.
April 13, 2019, 11:47:32 AM
ICOs are illegal or regulated in some countries. It means that China have banned ICOs, no China resident can take part in ICOs, or it is going to be an illegal action. Moreover, in USA you need to go through a lot of regulations to be eligible to hold an ICO. Thats why some countries are restricted from taking part in coin/token offerings.
April 13, 2019, 10:48:04 AM
US and China has strict law about cryptocurrency which is why they usually exclude these two when doing ICO. But I think this will soon change with the regulations. There are also countries and states that disallow gambling which is also a reason. Various reason for which country will be excluded in investing into crypto and team might go into trouble if they allow any citizen invest to their project.
April 13, 2019, 10:43:26 AM
I think that the matter is in the legislation of those countries. Documents on the project. And much more. A lot of projects are blocked in the United States due to the country's investment policy.
April 13, 2019, 10:38:03 AM
It depends on their govt rules and regulations on particular investment. If all the rules comply with the specific countries rules, they will allow them to invest, otherwise, they will block them.
April 13, 2019, 10:32:49 AM
maybe that because cryptocurrency on that country not accepted or mark as ilegal
that why many ico team and developer blocked them for join the ICO
that why many ico team and developer blocked them for join the ICO
April 13, 2019, 08:24:49 AM
A: I can't understand completely. Can you explain it.
Yes. Basically i am pointing trust issues. If a project says they blocked more countries thinking it is a legit project and if not then it is not legit. Do investors think in that way?
April 13, 2019, 06:56:40 AM
- How they decide what countries they are blocking?
- What's the difference between ICO's that block say 4 countries or more than 10 countries?
- Does this come into factor when i am investing in such projects?
April 13, 2019, 06:52:36 AM
I have seen ICO's that block mostly USA, North Korea, China and some Middle East countries. Also i have seen ICO's that block more than 10 countries. So its confusing for me why some countries are restricted and why some countries aren not restricted.
- How they decide what countries they are blocking?
- What's the difference between ICO's that block say 4 countries or more than 10 countries?
- Does this come into factor when i am investing in such projects?
Q: How they decide what countries they are blocking?
A: It is about which country they will be in. For example if any project wants to run their operation in USA, they have to get permission from there. So then, US citizen can join. But if they don't want to run their project there, there is no permission and contributer.
Q: What's the difference between ICO's that block say 4 countries or more than 10 countries?
A: The answer same as first one.
Q: Does this come into factor when i am investing in such projects?
A: I can't understand completely. Can you explain it.
April 13, 2019, 06:44:49 AM
I have seen ICO's that block mostly USA, North Korea, China and some Middle East countries. Also i have seen ICO's that block more than 10 countries. So its confusing for me why some countries are restricted and why some countries aren not restricted.
- How they decide what countries they are blocking?
- What's the difference between ICO's that block say 4 countries or more than 10 countries?
- Does this come into factor when i am investing in such projects?
I get this feeling that scam ICO is blacklisting countries to make their ICO legit because some legit project are banning countries that do not accept ICO, but people from these countries will always find a way to invest in this ICO.
April 13, 2019, 06:16:48 AM
Presently the last project I joined blacklist some countries and they haven't even met there hardcap yet so I think blacklisting some counties is a very bad moves for projects that has ICO running because if the counties that are blacklist are not blacklist there will be better chances for meeting there target easily
April 13, 2019, 06:10:30 AM
I have seen ICO's that block mostly USA, North Korea, China and some Middle East countries. Also i have seen ICO's that block more than 10 countries. So its confusing for me why some countries are restricted and why some countries aren not restricted.
- How they decide what countries they are blocking?
- What's the difference between ICO's that block say 4 countries or more than 10 countries?
- Does this come into factor when i am investing in such projects?
No, not literally, some are being driven to be blacklisted based on the jurisdiction that a country has. ICOs and projects have nothing they can do about it but to respect the fact that they are not allowed to implement their services there. Also, it is a factor when you are investing, make sure first a project is allowed in your country.
April 13, 2019, 05:34:10 AM
I have seen ICO's that block mostly USA, North Korea, China and some Middle East countries. Also i have seen ICO's that block more than 10 countries. So its confusing for me why some countries are restricted and why some countries aren not restricted.
- How they decide what countries they are blocking?
- What's the difference between ICO's that block say 4 countries or more than 10 countries?
- Does this come into factor when i am investing in such projects?
Jump to: