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Under current rules, after 1-yr lockup period investors are able to sell to other accredited investors. Hopefully by then we'll have some new, regulated exchan
by zherbert 9y ago
Under current rules, after 1-yr lockup period investors are able to sell to other accredited investors.
Hopefully by then we'll have some new, regulated exchanges that can automate the process.
- wmf 9y agoHopefully the investors realized that their lockup may extend longer than they thought.
- Taek 9y agoI am not a lawyer, but my understanding is that accredited investors do not need an exchange or a regulated entity to sell their tokens to other accredited investors. They have some compliance burden, but can, under the right circumstances, comply with that burden absent a regulated exchange or broker dealer. I am not a lawyer, and the above paragraph may be incorrect.