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> Our approach to "get around" this is to file all the necessary paperwork for a legal security and then only sell the token to accredited investors. How does
by Alex3917 9y ago
> Our approach to "get around" this is to file all the necessary paperwork for a legal security and then only sell the token to accredited investors.
How does this square with the SEC commissioner's statement yesterday that not a single ICO has registered to do a security offering?
- Kubuxu 9y agoBy requiring all investors to be accredited you are exempt from the long registration process with SEC. The law in question is "Rule 506(c) of Regulation D", see: https://www.sec.gov/fast-answers/answers-rule506htm.html https://www.sec.gov/fast-answers/answers-rule506htm.html
- deleted 9y ago[deleted]