Legal Question Regarding ICO's For US Citizens

gredisgold88

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Quote from: kriptokrayt on August 29, 2017, 03:40:49 AM

As we know most ICO's prohibit US citizens from participating, and the way they verify that is by making sure the participant's IP address is not from the US as well as having the participant send picture of their passport, well what if my friend is a dual citizen of United States AND Iran? Could she just send a photo of my Iranian passport and that will suffice?

and if that suffices, is there a chance that the SEC will see that she has both American and Iranian passports and that she used the Iranian passport instead of American passport in order to have participated in the ICO?

And will that be a cause for trouble down the road? Or is she protected by the fact that she is a dual citizen of US and Iran and she strategically decided to submit a picture of one of her passports that so happens to permit participation in said ICO?

Thanks to everyone for taking the time!

cheers

this is only a regulation so that ICO is not followed by US citizens, because US law prohibits the use of Bitcoin & Cryptocurrency, if there is a case like this means one person from US, not Dev Ico . and if brought to the realm of law, it is a person's fault.

Tipstar

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Vave.com - Crypto Casino

USA is one of the largest oppressor of human rights. (Everyone knows that)
But the mother of silicon valley have a lot of ways around. (In and around laws)
At your own risk.

Westfiled

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Quote from: kriptokrayt on August 29, 2017, 03:40:49 AM

As we know most ICO's prohibit US citizens from participating, and the way they verify that is by making sure the participant's IP address is not from the US as well as having the participant send picture of their passport, well what if my friend is a dual citizen of United States AND Iran? Could she just send a photo of my Iranian passport and that will suffice?

and if that suffices, is there a chance that the SEC will see that she has both American and Iranian passports and that she used the Iranian passport instead of American passport in order to have participated in the ICO?

And will that be a cause for trouble down the road? Or is she protected by the fact that she is a dual citizen of US and Iran and she strategically decided to submit a picture of one of her passports that so happens to permit participation in said ICO?

Thanks to everyone for taking the time!

cheers

There is an answer for your friend, take a risk with participate in the ico through use the iranian passport or just stay away from the ico due to the dual citizen, the result depend on your decision because there is a chance for your friend to ignore the sec warn. If your friend live in US and stay away from ico.

kriptokrayt

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Any insights??

kriptokrayt

newbie

Activity: 14

Merit: 0

As we know most ICO's prohibit US citizens from participating, and the way they verify that is by making sure the participant's IP address is not from the US as well as having the participant send picture of their passport, well what if my friend is a dual citizen of United States AND Iran? Could she just send a photo of my Iranian passport and that will suffice?

and if that suffices, is there a chance that the SEC will see that she has both American and Iranian passports and that she used the Iranian passport instead of American passport in order to have participated in the ICO?

And will that be a cause for trouble down the road? Or is she protected by the fact that she is a dual citizen of US and Iran and she strategically decided to submit a picture of one of her passports that so happens to permit participation in said ICO?

Thanks to everyone for taking the time!

cheers

Topic: Legal Question Regarding ICO's For US Citizens (Read 498 times)