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>First, they can be used to bypass a lot of (but not all) regulation. It's entertaining that many seem to believe this for no apparent reason, but the SEC (and
by Sangermaine 9y ago
>First, they can be used to bypass a lot of (but not all) regulation.
It's entertaining that many seem to believe this for no apparent reason, but the SEC (and other regulators around the world) doesn't seem to agree.
- dmihal 9y agoThey allow you to avoid regulation if you avoid countries that regulate them like the US. A number of ICOs these days seem to forbid US investors.
- Sangermaine 9y agoThe US isn't the only jurisdiction cracking down on ICOs: European Financial Regulator Warns Investors On ICO Risks https://www.coindesk.com/european-financial-regulator-warns-investors-ico-risks/ https://www.coindesk.com/european-financial-regulator-warns-... Germany's Securities Regulator Warns ICOs Pose 'Numerous Risks' https://www.coindesk.com/germanys-securities-regulator-warns-icos-pose-numerous-risks/ https://www.coindesk.com/germanys-securities-regulator-warns... Japanese Financial Watchdog Issues Warning over ICO Risks https://www.coindesk.com/japanese-financial-watchdog-issues-warning-over-ico-risks/ https://www.coindesk.com/japanese-financial-watchdog-issues-... I can't imagine any developed nation won't end up regulating ICOs as securities. That might be a message to which it's worth paying attention.