why some ICOs Block investors from USA?

WilfOtto

newbie

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Quote from: jorinu on December 24, 2017, 10:01:26 AM

Currently, the Chinese and Korean countries are forbidden to ico because of the safety of their people because most of the ico scams.

I guess it's because their governments want to stay in control of their citizens' transactions. And it's very difficult when people use cryptos instead of traditional banks.
Currently, the Chinese and Korean countries are forbidden to ico because of the safety of their people - this sounds somehow funny considering that most of ico projects are created by this people

They are present in literally every 2nd list of devs.

And US citizens are blocked by many ico-s because US regulations are to strict and complicated. So it's easier for ico-s to forbid US citizens then to fit all their requirements.

wulian18

newbie

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The two countries that have invested the most in the blockchain world are China and the United States. Although there is no ban on the national level, there are still many high-tech personnel who continue to research and develop bitcoin.

antogen123

newbie

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This situation is due to the legislation of the country . as far as I know. that is why they are not allowed

Nikolas_the_Wonderworker

jr. member

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Merit: 1

Very hot information is not from the US, but deserves attention. The Securities and Exchange Commission of Thailand (SEC) has completed the development of a legal framework for regulating the initial placement of coins (ICO). The document comes into force on July 16, 2018.

Read more at https://ru.insider.pro/topnews/2018-07-05/tailand-zavershil-razrabotku-pravovoj-osnovy-dlya-regulirovaniya-ico/

SeXy

full member

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Because thither are any scammers angling in the cryptoworld and the US long for to keep safe their humanity from them. I credit these concepts are not far off.

alexzorgo

full member

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Merit: 103

Countries such as the United States have strict legislation and strict rules on the markets and turnover of securities and similar assets.
As a rule, violations of these laws and regulations threaten severe penalties: restriction of freedom and penalties.
Therefore, many crypto-currency projects are reinsured, limit participation in their fund-raising campaigns (ICO, TGE) for citizens of these countries.

xtraelv

legendary

Activity: 1288

Merit: 1926

฿ear ride on the rainbow slide

Because some ICO's are considered securities in the USA and under the jurisdiction of the SEC if they accept investments from US residents.

https://www.crowell.com/documents/SEC-Actions-against-a-Foreign-National-Living-Outside-the-United-States.pdf

Some promoters avoid US jurisdiction by barring US residents from participation.

Stooked

member

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Merit: 10

2017 give me red sign against every ICOs, USA have many rules against bitcoin.

you will find a few bitcoin companies inside USA

tauceramica

full member

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Merit: 100

Quote from: linkercoin on December 20, 2017, 10:11:19 PM

Many ICOs, thus, have a choice: either comply with these strict regulation and only allow accredited investors to participate, or open the ICO to everyone except those from US, China, and Singapore.

There are some laws not allowing some citizens to join token sales by funding them with crypto Money or fiat Money. That's the reason. If the projects let them join, they have serious problems and they face with courts.

yura888

full member

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“Create Your Decentralized Life”

Quote from: linkercoin on December 20, 2017, 10:11:19 PM

Many ICOs, thus, have a choice: either comply with these strict regulation and only allow accredited investors to participate, or open the ICO to everyone except those from US, China, and Singapore.

All is simple, now there are so many projects that come up with unreal legends to raise money and escape. And America does not allow such things

sammyp

full member

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Merit: 100

Quote from: cryptohunter on December 21, 2017, 08:35:54 AM

soon all ico tokens and projects will be under pressure to stop

That is going to be a very big blow to the cryptoworld. anyway I hope it does not stop now because I just got started.

jorinu

newbie

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Currently, the Chinese and Korean countries are forbidden to ico because of the safety of their people because most of the ico scams.

bob3772

full member

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Quote from: linkercoin on December 20, 2017, 10:11:19 PM

Many ICOs, thus, have a choice: either comply with these strict regulation and only allow accredited investors to participate, or open the ICO to everyone except those from US, China, and Singapore.

They have much stricter regulation in those countries, they have to comply with the SEC and often it's easier and better for ICOs not to do such a thing. It saves them a lot of legal expense and complications.

johstacy

full member

Activity: 225

Merit: 103

Quote from: twobits on December 21, 2017, 09:26:34 AM

Quote from: linkercoin on December 20, 2017, 10:11:19 PM

Many ICOs, thus, have a choice: either comply with these strict regulation and only allow accredited investors to participate, or open the ICO to everyone except those from US, China, and Singapore.

SEC tried to consider ico as security and high risk potential investment for their investors. That's why majority of icos are not accepted the ico participant from US. China and singapore has similar case with it.
All of them are consideing about ico just security token to the investors.

Yes, this concept is a "security token" now at everyone's ears. Some coins that were in the top 50 on exchanges are removed because of this, completely. Under these sanctions are good projects too. I do not understand what SEC is trying to achieve. If people want to buy tokens, they turn to traders from other countries for help, and this is an even greater risk of being deceived.

bithuner

newbie

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Because of SEC regulations. Have a look on the .gov website.

You can always bypass these but it is at your own risk as you have to state you are not a US citizen. I wouldn't advise it but you can't stop someone doing it.

wizzydizzycrypto

newbie

Activity: 100

Merit: 0

Down to regulations, there are also some regulations in regards to China and Singapore so don't worry too much.

I think eventually there will be regulations all over the world. You are welcome to ignore them but you run the risk of if it goes wrong losing your money as you have no legal stand point at all.

iloveturtles

newbie

Activity: 195

Merit: 0

Due to US regulations from the SEC.

You can read all about their rules and regulations on their gov website, but basically it is easier and less complicated for ICO's to put up a terms and conditions stating you are not a US citizen.

If you still choose to invest it is at your own risk rather than the ICO's. I am sure there are still plenty of ICO's that have been invested into by Americans as it hard to know where someone is from.

shandi albert

full member

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FXPay.io

What they feared was disrupting the state's financial order, and they avoided a lot of false investments then came the ban.

makuhpal

member

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Merit: 10

JOIN THE NEXT MEGATREND IN CRYPTO

SEC wants to regulated the ICOs to prevent any investment scams of the citizen.

doedz

hero member

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Merit: 502

Quote from: Ilegendph on December 24, 2017, 04:48:22 AM

Quote from: ?? on ??

Because there are some scammers around in the cryptoworld and the US wants to protect their citizens from them. I think these regulations are good.

Does it mean that if the ICO prohobits citizen in US it is a scam? I dont think. Maybe there are rules that a certain ICO cannot comply but not a total scam.

Maybe US citizens are not serious to invest, they just make fud and make other investors run.
this is not a good sign for ICO progress in the United States.

Topic: why some ICOs Block investors from USA? (Read 362 times)