because their government protects them from scam
The Government protects themselves and their interests. Nothing more. They're the scam as well as their monopolies. 
Topic: ICO ban for the US citizens - page 3. (Read 12210 times)
because their governemt protects them from scam
Indeed, lot of investing sites are now created a scam, HYIP and a Ponzi scheme in which they will just run away the hard earned money of the citizens. I just hope this policy will apply also here in our country so that people will obligate to follow because investing sites here are freely to roam in the internet without proper screening in which it will just depend upon the people on how to protect themselves from a scam investment.
The USA possesses very restrictive rules regarding the funding of projects in order to make sure that the common man does not get pulled into some sort of pyramid scheme.
The irony here is that the MLM type of projects are becoming the only projects USA folks can get involved in!
So they are being driven to higher risk propositions.
The founders of these high risk projects find ways to remain anonymous, and this mystery is being accepted by investors, who understand that anonymity is a must, in order to avoid long armed crack-downs, in which case the U.S. would steal everybody's money, as it did with BTC-e. As such, anonymous ponzi authors are trusted more than US alphabet agencies.
The US puts tremendous effort into protecting its own citizens from their own stupidity.
The US also puts tremendous effort into keeping US funds in the US.
Combine the two and you see that the US wants to make sure that if the stupid people want to throw away their money then that should happen IN the US and not in Europe.
The US also puts tremendous effort into keeping US funds in the US.
Combine the two and you see that the US wants to make sure that if the stupid people want to throw away their money then that should happen IN the US and not in Europe.
They just want to stay safe with legalities. Now if you're interested in ICO's that allow US residents to participate, you have to do your research. I know that unikoingold allows us residents and ends in a day or so.
In recent times, there are lot ICO scams. There are no guidelines/regulation that an ICO needs to bind before its launch so there is no guarantee of your money invested in ICO. So many countries like China/USA has banned ICO in order to protect their citizen's financial interest.
Because of scam ICO's only most of the countries want to regulate ICO's. In coming days we can able see some real product development will start raising funds through the ICO's. I hope government should come forward to legalize these rules and regulations.
ICO's just try to stay safe right now, especially with countries like China.
If you're in the US some ico's to check out are unikoingold and cybermiles. Both are unique ideas and have tons of potential.
If you're in the US some ico's to check out are unikoingold and cybermiles. Both are unique ideas and have tons of potential.
In recent times, there are lot ICO scams. There are no guidelines/regulation that an ICO needs to bind before its launch so there is no guarantee of your money invested in ICO. So many countries like China/USA has banned ICO in order to protect their citizen's financial interest.
Yes since crypto currency is decentralized even the ICO's are not mandated or regulated by any law and most of the ICO's failed and looks like a scam. Americans are just being protected by their country from it.
In recent times, there are lot ICO scams. There are no guidelines/regulation that an ICO needs to bind before its launch so there is no guarantee of your money invested in ICO. So many countries like China/USA has banned ICO in order to protect their citizen's financial interest.
I think then the ICO will disappear or the countries do something to control the ICO I do not buy ico ever but I know about it, ICO is a good place to attract investment with startups but Through this ICO there are quite a lot of scammers so the countries banning it like China and Korea are now fine. I think it will undermine the interests of their countries or the people they have been fooled so much money so the new nations issue a ban.
ICO has been banded in China.
So does Korean as well, also the margin trading in Korean exchange.
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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.
[...]
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.
And in a more simplistic way:
Quote
In the United States, only accredited investors can be offered private placements of securities, and the onus is on the issuer (in this case, the token sale dev team) to ensure that only accredited investors take part, lest they expose themselves personally and their company to potential criminal liabilities in the United States.
Sources:
https://www.quora.com/Why-are-US-citizens-not-allowed-to-participate-in-Ethereum-ICOs-such-as-Status-im-and-others-Why-are-we-blocked
https://themerkle.com/why-cant-us-citizens-participate-in-cryptocurrency-icos/
quite barbaric and draconian, not to allow people of a "free" country access to income and gains in these markets at all
If you wish, Americans can participate in any projects. Perhaps this will need to exert more effort than the Europeans but this is not a problem. USA the first to suffer from the spread of cryptocurrency. Now people move their savings into bitcoin and abandon the dollar. This will put pressure on the US economy. I think we will see more decisive U.S. action against bitcoin.
Many European ICOs recently that I saw, they all state in their ToS that the US citizens can't participate. Why?
Because USA government have lot of regulation and rules, if people abide those USA can take any type of government action without any countries involvements. So many ICO not accepting investments from the USA people into any forms of ICO'S.
Can residents of other countries participate ICO?
Many European ICOs recently that I saw, they all state in their ToS that the US citizens can't participate. Why?
I think it is not the ICO because it was already regulated by the US Government but the other investing sites because some of them are HYIP and PONZI scheme in which the US are just protecting the welfare of their people. I remember a bitcoin trading site ethtrade.org was banned in the US but the site reason is all about taxation but after the Aug 1 the site is truly a scam and US just save the people from this site.
The US has taken a somewhat solid stand on the matter. Sadly there's big monopolies that control our financial system.
Some of the bigger cryptocurrency ICOs will ensure they hire lawyers who can create a more “workable” environment for interested parties. If they would not take these steps, their entire token sale would be liable to criminal charges in the US. That is, assuming the SEC would ever decide to investigate a particular crowdsale for those specific reasons. It is highly unlikely that will happen, even though the SEC is looking to regulate ICOs moving forward.
Many of the ICOs which I participated were shunning away USA residents and anybody holding USA-issued passports. Maybe because they would not want to get entangled with possible legal battle with SEC or any government agency. It can be a big hassle if one day USA SEC would declare that ICOs are not legal. Right now, the SEC has not yet issued any solid pronouncement regulating ICO but we don't what can be in the coming months.
The boom in the ICO market right now is really attracting big and small participants and there is now a trend for niche business to also join the ICO bandwagon. But while this can indeed scam issuers, regulating ICOs can do more harm than good. What we need is a way to do due diligence so we can guide ICO buyers away from possible scams.
The boom in the ICO market right now is really attracting big and small participants and there is now a trend for niche business to also join the ICO bandwagon. But while this can indeed scam issuers, regulating ICOs can do more harm than good. What we need is a way to do due diligence so we can guide ICO buyers away from possible scams.
you are right in this point
What we need is a way to do due diligence so we can guide ICO buyers away from possible scams
and is the most important issue
I wonder how does ICOs make it legal in USA? do you guys know any services?
Many European ICOs recently that I saw, they all state in their ToS that the US citizens can't participate. Why?
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