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I understand that people offering the tokens ("promoters") may be breaking the securities law, I can somewhat understand that exchanges listing them may be brea
by blfr 9y ago
I understand that people offering the tokens ("promoters") may be breaking the securities law, I can somewhat understand that exchanges listing them may be breaking the law, but under what conditions can buyers/investors be breaking the law?
- vasilipupkin 9y agoyou break the law if you sell the token. So, suppose you buy it on an exchange and then sell it to a non-accredited investor. if the token is a security, you selling it is breaking the law, even if you are not the issuer.