Hi guys,
I just received an email from Red Pulse:
Thank you for your patience regarding recent regulatory announcements. After consulting with our financial and legal advisers, Red Pulse will be postponing the RPX sale. We are not cancelling the sale, but are planning to spend more time to better understand the current regulatory environment. Red Pulse is headquartered, incorporated, and registered in Hong Kong SAR (#2255299). Our KYC process excludes Mainland China, U.S., and Singapore citizens from participating in the RPX sale. The KYC form will be closed on September 7, as planned.
That being said, we want to ensure we are 100% compliant with all related regulations and policies before moving forward. We are consulting with tax, advisory, and legal professionals that have prior experience with ICOs, and will do everything in our ability to ensure we are operating according to government policies and legal boundaries.
Thank you everyone for your interest and support, and we'll provide more updates when available.
Best regards,
Jonathan Ha
Founder & CEO, Red Pulse
So it seems the China ICO ban eventually did catch up with this ICO, even though Chinese citizens weren't allowed to participate.
I wonder why they made this call. Maybe Chinese citizen can be included after all when new regulations are complete?
What you guys think this will do to the ICO in general?
Topic: Red Pulse ICO postponed (Read 671 times)
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