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Why would I care what the SEC thinks if I'm outside the US?
by Kiro 9y ago
Why would I care what the SEC thinks if I'm outside the US?
- ars 9y agoMost countries have securities laws, not just the US. Are you sure your country doesn't?
- scotty79 9y agoMost countries define security as either equity or fixed income instrument and that's all. Nothing of the US "maybe it is, maybe it isn't ... is there expectatiom of profits? ... so maybe it is or it isn't" My country has a list of things that are securities written into the law. Until they write in there crypto tokens they are not securities.
- killjoywashere 9y agoYou should be aware that the decision of jurisdiction can pull you into courts you never knew existed, in jurisdictions you wouldn't imagine could exist. Finding a country that won't extradite you may become an issue of treaty, or even a string of treaties. IANAL, but I sat in on one of my brother's international law classes, which quickly convinced me to not fuck around in that arena. Lawyer up early.
- beagle3 9y agoBecause of FATCA and friends, essentially all financial institutions in the world now report to the US and follow its rules. If you are not a US taxpayer, and outside the US, they don't directly apply to you, but they have already affected the regulations that do apply to you.
- deleted 9y ago[deleted]