ICO's in USA | Bitcointalksearch.org

gabriella

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Quote from: thejaytiesto on January 30, 2018, 11:51:02 AM

Quote from: munsterpoo on January 30, 2018, 11:40:17 AM

Although I know that residents of USA are restricted from participating in ICO's, I was wondering what exactly would happen if a USA resident does indeed go around it and still put their money into one. Would the SEC take the money, or what kind of consequences are there?

Well, you can always bypass limitations with VPN or any proxy of sorts*, but if the ICO requires identification to confirm that you aren't using a proxy to bypass a supposed IP block on the website, they will still see that you aren't an US citizen. So the next step would be to use a fake ID... which is ridiculous. Why would you want to get into so much trouble to get in some ICO. Just stay legal. Find any other ICO's that aren't hosted in the USA. I think most will stop happening in the USA because ultimately what the ICO guys want is the entire planet being able to participate in order to get as much money as possible. But with less restrictions comes easier ways for scammers to scam, so do due dilligence and you should be ok.

*Even if you used a VPN, once you want to cash out, you would need to explain where these gains came from, so they would see that you are an US citizen that bypassed a law with an VPN... this could lead to problems. If it's not an huge amount I guess you can get away with it tho.

Seems really bad for USA residents now to invest in ICO with KYC, hope government will change their minds in some closest future

ZAROBLYATOR

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I think that USA citizens don’t participate in ICO or do it in illegal way. In some situations it is better and easier to buy tokens during first few days after listing on exchanges. So you don’t need to send your identification data and you can see how much money project has raised, how the team works and other information.

wenzuo

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I know there are some ICO projects that have passed the USA regulation rules, such as the Abyss, you can join in this project with some limits. So I think sec still gives some chance to ICO projects.

markers

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In case of US retail investors participation in ICO, SEC could claim that there was a marketing of the ICO among US investors and according to The US Securities act, the offering is subject to prospectus filling and registration with SEC. In short, it is a very serious breach of US securities legislation.

blueteam09

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📱 CARTESI 📱 INFRASTRUCTURE FOR SCA

Quote from: munsterpoo on January 30, 2018, 11:40:17 AM

Although I know that residents of USA are restricted from participating in ICO's, I was wondering what exactly would happen if a USA resident does indeed go around it and still put their money into one. Would the SEC take the money, or what kind of consequences are there?

This is a difficult question to answer. Crypto is an anonymous investment system and can not exploit owner information so if someone runs around it and maybe the government cannot know who owns it and is entering the market.

Haley craft

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The Experience Layer of the Decentralized Internet

Generally speaking, if americans use KYC data from other countries, they can participate in ICO crowd-funding.
However, this is illegal, and ICO is currently under the supervision of various countries.

WalkerIVIV

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Cryptocasino.com

Quote from: drogas on April 01, 2018, 09:20:57 AM

Quote from: Shenzou on April 01, 2018, 09:14:28 AM

Quote from: munsterpoo on January 30, 2018, 11:40:17 AM

Although I know that residents of USA are restricted from participating in ICO's, I was wondering what exactly would happen if a USA resident does indeed go around it and still put their money into one. Would the SEC take the money, or what kind of consequences are there?

You can go around the country restriction for the ICO, by easily using a VPN, but the problem is that most of the ICOs require you an ID, and some of them even require to photograph that ID, because some people use ICOs for the wrong purpose like money laundering, you can make a fake ID to go around that but you have to be carefull of how much you are investing, if it is a small amount than you are fine, but more than 1000$ than that will raise suspicions.

I imagine it'd be a pretty lengthy and an expensive process (paying for a reliable VPN, for a fake ID, etc.) And makes me wonder if it's really worth it after all.

Are there any better alternatives for U.S. citizens?

The best alternative ways to buy from the exchange site, Remember the price of new coin will be dumping after it has been listed on exchange site. The only best time to best them as fast as possible and sell them after the first jump will be happening. I don't see any other good alternative way from that. It looks like that's only the best way right now.

Birdiebig

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Quote from: munsterpoo on January 30, 2018, 11:40:17 AM

Although I know that residents of USA are restricted from participating in ICO's, I was wondering what exactly would happen if a USA resident does indeed go around it and still put their money into one. Would the SEC take the money, or what kind of consequences are there?

Hello guy. Some ico on entertainment or betting will have no restrictions on this matter. Do not authenticate KYC, you need to use VPN or an account to buy token and you can Join directly and invest with us if you are interested in online gaming market. The online gaming market has great potential and occupies over 80 billion market capitalization. That promises a highly profitable investment.
Web:https://ico.truegame.io/
Telegram: https://t.me/truegame_chat

drogas

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Quote from: Shenzou on April 01, 2018, 09:14:28 AM

Quote from: munsterpoo on January 30, 2018, 11:40:17 AM

Although I know that residents of USA are restricted from participating in ICO's, I was wondering what exactly would happen if a USA resident does indeed go around it and still put their money into one. Would the SEC take the money, or what kind of consequences are there?

You can go around the country restriction for the ICO, by easily using a VPN, but the problem is that most of the ICOs require you an ID, and some of them even require to photograph that ID, because some people use ICOs for the wrong purpose like money laundering, you can make a fake ID to go around that but you have to be carefull of how much you are investing, if it is a small amount than you are fine, but more than 1000$ than that will raise suspicions.

I imagine it'd be a pretty lengthy and an expensive process (paying for a reliable VPN, for a fake ID, etc.) And makes me wonder if it's really worth it after all.

Are there any better alternatives for U.S. citizens?

Shenzou

sr. member

Activity: 1414

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Quote from: munsterpoo on January 30, 2018, 11:40:17 AM

Although I know that residents of USA are restricted from participating in ICO's, I was wondering what exactly would happen if a USA resident does indeed go around it and still put their money into one. Would the SEC take the money, or what kind of consequences are there?

You can go around the country restriction for the ICO, by easily using a VPN, but the problem is that most of the ICOs require you an ID, and some of them even require to photograph that ID, because some people use ICOs for the wrong purpose like money laundering, you can make a fake ID to go around that but you have to be carefull of how much you are investing, if it is a small amount than you are fine, but more than 1000$ than that will raise suspicions.

mikfresh

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Not a US citizen here, but consider that even using a VPN you could be refused as a buyer. Every ICO requires documents and maybe proof of address too, so you won't be accepted much likely Cry

Larochka

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The Future of Security Tokens

I heard that cryptocurrencies are banned in the US and everything connected with them, and all US citizens are prohibited from participating in the ICO, but despite this they are creating their ICO projects?

Nagricoin

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Participate in ICO with utility tokens

coino.org

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Quote from: CrazyJoker on January 30, 2018, 12:11:23 PM

Guys, thank for such interesting topic and for full answer. Now I’m really thrilled what is so perspective ICO in USA if you are ready to do any afford to participate.

As far as I remember, Gladius and Bobs repair are USA based ICOs. So I really have no idea, is it permitted to participate for USA citizens only in USA ICOs, or they completely can't participate in any ICO?

ICO Lancer

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Has anyone here actually gone through the trouble of using a VPN and a fake ID and can share their experience? I'm really interested as to what the process is like.

JetSet11

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"Get Paid to Play your Media on Current"

Just wait until the coins hit the exchanges. Many of them dip near or below ICO price at some point anyway.

pedroEU_PT

newbie

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For everyone here that is speaking about having someone to do the KYC and pay them, im the man for the job !

My name is Pedro Gomes, i'm Portuguese and i participate in several Telegram Chats like Electrify Asia, BeeToken, etc. I help/work for people mostly in USA, North Korea and India, who wants to participate on ICO's or simply trades in websites like BitPanda. I live in Europe, so basically everything you can't do in this countrys, i can do here, beacause here that are no rules for cryptocoins and similar.

For exemple : i make registrations on ICO's, and when it comes to the part of KYC, all the documents are mine. But the investement, the wallet and the email is yours. If it is a BitPanda trade (for exemple, and it serves for buy and sell), the account is mine, but i give you the access, for you to make the trades with your credit card without i see that personal info and for you to have full freedom there.

If someone is interessed or knows someone who is, tell me and i give you more details ! PM Grin

gamer_2088

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Quote from: munsterpoo on January 30, 2018, 11:40:17 AM

Although I know that residents of USA are restricted from participating in ICO's, I was wondering what exactly would happen if a USA resident does indeed go around it and still put their money into one. Would the SEC take the money, or what kind of consequences are there?

I think you will not be able to participate, you will simply return the money. Or alternatively you must have a friend with the necessary passport, which you can trust.

IgorShumilo

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Activity: 518

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Personally, I will be optimistic about this and tell my thoughts. I believe that soon (in 2018) the government of the United States and other countries that are now negative about pritovalyutam change their mind and will simply regulate the purchase / sale and iso projects. Personally, I believe that participation in projects should be more protected by regulators than now, when anyone can draw a website and white paper and also create members of their team, then collect a couple of million dollars and disappear!

Shogun1011

newbie

Activity: 24

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I believe the issue has to do with how the SEC treats your tokens. If you have a "utility" token that allows donators future access to your software, then you may be able to get around SEC compliance. However, if you are offering a token that resembles a security or an investment, then the SEC will probably come knocking on your door.

Topic: ICO's in USA (Read 425 times)