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My previous company (AirFox) did an ico, we had a bank account, and we sold everything. We also did KYC/AML for all purchasers. Most of the USA firms did. Howe

My previous company (AirFox) did an ico, we had a bank account, and we sold everything. We also did KYC/AML for all purchasers. Most of the USA firms did. However, the SEC also just settled with AirFox for selling unregistered securities, so that didn’t exactly go as planned!

dopamean 8y ago
If the settlement was for less than you got from the ico it may have been worth it.
- homakov 8y ago
  250k fine, 15m raised... https://decryptmedia.com/2018/11/29/exclusive-airfox-ceo-says-ico-regulations-still-unclear-after-sec-settlement/ https://decryptmedia.com/2018/11/29/exclusive-airfox-ceo-say...
  - dopamean 8y ago
    lol
  - fspeech 8y ago
    They have to return investors' funds. Fine is on top of that. https://www.sec.gov/news/press-release/2018-264 https://www.sec.gov/news/press-release/2018-264
    - homakov 8y ago
      Well if one or two investors died due to a heart attack from the bear market... that's net win anyway.
      - DonHopkins 8y ago
        That sounds like as good a business plan as any in the cryptocurrency field.
nradov 8y ago
Why would you go along with a scam like that?