ICO Legality | Bitcointalksearch.org

biletskiy

full member

Activity: 434

Merit: 100

Quote from: eduinvestor on October 28, 2017, 07:41:19 AM

Some countries don't allow people to invest in ICOs. Why is that? They don't allow ICO that issues dividends and represents the shares of a company, or they just ban all the ICOs?

They just want to receive money from this ICO. So they want to receive taxes. And they can name it with difficult words, but still this is just about taxes!

coynedterm

hero member

Activity: 882

Merit: 500

Quote from: eduinvestor on October 28, 2017, 07:41:19 AM

Some countries don't allow people to invest in ICOs. Why is that? They don't allow ICO that issues dividends and represents the shares of a company, or they just ban all the ICOs?

You said true , China and Korea like countries made rules to regulate the system of ICOs in Thier country because they find it not much better thing for the people as an option of investment Because the answer is simple , we can see lots of ICOs are coming and going and also we can see most of them are better also but few of them are not legit ( scam like system , here it would be better to. Give the example of indocoin ) , that how they run away after the investment .
So I think those countries who don't want allow ICOs in Thier countries is better for them to keep away .
But still here we can take risk to invest in every ICO project ( but first make simple analysis whether the project has any basic support or not to check whether the project of ICOs is legit or not ) and overall get profit is a better option and I am doing the same .

fedor3327

hero member

Activity: 644

Merit: 523

Passionate about Crypto

If an ICO offers a dividend - it will instantly be classified as a "share". This means its a security and not a cryptocurrency. 99% of all countries have "securities laws" in place. That ICO then will automatically fall under those laws if it offers a dividend.

richcorner100

full member

Activity: 616

Merit: 100

https://exip.live/

Some country ban ICO because they think ICO can be fraud, scam, and possible any money laundry action. So now very important any regulation in ICO to proctect investor and cryptocurrency community around the world.

mroth7684

full member

Activity: 196

Merit: 100

Generally, they ban all ICOs. I think, in some respects, the banning of ICOs is necessary. It helps new investors won't lose money and ban scammers. But I also think that let things happen naturally, people will learn from themselves.

hot_ads

member

Activity: 299

Merit: 15

In our China, ico is illegal financing, illegal, in fact, think about it, ico is not a misappropriating? Many ico probability is a liar.
Grin

SHITTRADINGDON

newbie

Activity: 23

Merit: 0

Quote from: eduinvestor on October 28, 2017, 07:41:19 AM

Some countries don't allow people to invest in ICOs. Why is that? They don't allow ICO that issues dividends and represents the shares of a company, or they just ban all the ICOs?

They are fascist&communist like most governments destroying peoples freedom.

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: eduinvestor on October 28, 2017, 07:41:19 AM

Some countries don't allow people to invest in ICOs. Why is that? They don't allow ICO that issues dividends and represents the shares of a company, or they just ban all the ICOs?

which country do you live? some ico's arent actually restricted or prohibited on most countries. ico's are mostly online so i dont think that the government holds it or they can add a law about it although i believe that the main reason why they are banning ico's is because most of them are scam and will likely turn to scam someday, basing on the ico these days, there were only few are only legit with real projects to offer to the public.

Argoo

sr. member

Activity: 2352

Merit: 245

Quote from: ask on October 28, 2017, 08:19:13 AM

Its weird. In my country ICO is not banned but if its banned i will use VPN or other solutions to invest in ICO . I have the freedom to lose my money.

If the state simply prohibits the conduct of ICO and does nothing to eliminate risks in its conduct and protect the rights of investors with the subsequent resumption of this type of activity, this indicates the inefficiency of such a state. Indeed, everyone has the right to choose and dispose of their funds. Therefore, every citizen has the right to invest in the ICO, even if it subsequently turns out to be fraud.

Pierre 2

legendary

Activity: 2436

Merit: 1366

They don't let icos cause ico schemes are very problematic/shadowy. Governments want to be sure their citizens' money is safe. This is very bad legality issue.

APICEMTECH

full member

Activity: 308

Merit: 100

Blockchain Just Entered The Real World

There have been a real problem of money flowing out of CHina with a lot of chinese investors putting money into various ICO's. This is imo one of the reasons that few countries have banned its citizens from investing in ICO's.

pugman

legendary

Activity: 2383

Merit: 1551

dogs are cute.

Quote from: eduinvestor on October 28, 2017, 07:41:19 AM

Some countries don't allow people to invest in ICOs. Why is that? They don't allow ICO that issues dividends and represents the shares of a company, or they just ban all the ICOs?

They don't like random people who comes out of nowhere from a third party country ending up cheating the investors from their country. There is a mindset in the government's mind that ICOS are only meant to to scam people. The security exchanges of those countries are keeping a close eye on crytpo related events happening.

OneUnderBridge

sr. member

Activity: 368

Merit: 266

Quote from: WyattS on October 28, 2017, 09:53:22 AM

In the US, the SEC was formed from a belief that the Blue Sky Laws were not being enforced. These laws were aimed at protecting private investors, providing causes of action against securities fraud. That was almost 100 years ago, though, and has obviously morphed over time. That said, the initial desire was and is to protect investors. Also, as was quoted in the recent Ethereal SF Summit, regulation is a sign that something is doing well. Most of us already knew this though Wink

I might add to this also that the Howey test is an application of the law that applies to those OFFERING the securities and does not apply to those ACCEPTING the securities. And, even if the token was considered a security under Howey, then there are processes by which it might still be offered if all of the regulatory requirements for issuing the security were in compliance.

Akash1243

sr. member

Activity: 392

Merit: 257

As many of the ICOs are mostly as scam and many people are falling into the scam so government discourages people to invest in ICOs and China has even banned all ICOs because they are unregulated and many of them are scam.But not all countries has banned ICOs.With regulation of ICOs i am sure that ICOs would be more successful as many fail coins and scam coins would be not passed.

WalkerIVIV

hero member

Activity: 2436

Merit: 503

Cryptocasino.com

Quote from: eduinvestor on October 28, 2017, 07:41:19 AM

Some countries don't allow people to invest in ICOs. Why is that? They don't allow ICO that issues dividends and represents the shares of a company, or they just ban all the ICOs?

They are worrying about the more money will go to the ico and they don't get money again from the investors. Some country just try to protect the money and that doesn't allow the money to go to outside from their country.

cafucafucafu

hero member

Activity: 812

Merit: 509

Quote from: eduinvestor on October 28, 2017, 07:41:19 AM

Some countries don't allow people to invest in ICOs. Why is that? They don't allow ICO that issues dividends and represents the shares of a company, or they just ban all the ICOs?

It's just a rule. Laws are everywhere and it's just how countries want to run their country. Some countries seem to think that all ICOS are scams and wil ljust take away from people's savings, others justify their actions from labelling ICOs as unregulated securities, there's a bunch of reasons.

It depends on the country. Some countries ban ICOs outright, some just ban the purchasing.

If you aren't in the listed accepted countries it's better to stay away from any ICOs.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: eduinvestor on October 28, 2017, 07:41:19 AM

Some countries don't allow people to invest in ICOs. Why is that? They don't allow ICO that issues dividends and represents the shares of a company, or they just ban all the ICOs?

some of country giving permission to cryptocurrencies and ico and some of the other country is forbidden. the government give their protection to their citizen to not getting scam by the ico which can not proof the legality of the project. many of ico which has been launch need to have advisor team and financial fund to protect the fund from the investor so they can feel safe. the country and the government is only want to protect their citizen from the programs that want to running the investor money.

Dullmartini

full member

Activity: 196

Merit: 100

Because they compete with initial public offerings, which are highly regulated and very expensive to do. So it’s not fair to call something a “token” (which gives you even less rights than a traditional share which at least gives you some ownership rights) and not have to comply with securities laws instead of calling it a security and having to go through the regulatory process.

Initial public offerings are regulated to protect investors from frauds and scams. Government thinks small investors are too stupid to protect themselves. It started after the Great Depression in 1933-1934 so maybe the laws had a point at that time but they’re very outdated now.

HashFace

full member

Activity: 406

Merit: 114

It's because some ICOs have been 100% scam ... i.e., the scammer collected a bunch of Etherium or Bitcoin and disappeared.

But even if that were not the case, most governments regulate "investments" in all their forms, so once ICOs got on their radar, many governments have decided to take action. I think most goverments will allow ICOs once regulation authority is in place.

WyattS

newbie

Activity: 31

Merit: 0

In the US, the SEC was formed from a belief that the Blue Sky Laws were not being enforced. These laws were aimed at protecting private investors, providing causes of action against securities fraud. That was almost 100 years ago, though, and has obviously morphed over time. That said, the initial desire was and is to protect investors. Also, as was quoted in the recent Ethereal SF Summit, regulation is a sign that something is doing well. Most of us already knew this though Wink

Topic: ICO Legality (Read 492 times)