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Actually: > 167. [...] Kik declined to sell Kin to investors from certain countries, including Canada, China, Cuba, and North Korea.
by propter_hoc 7y ago
Actually:
> 167. [...] Kik declined to sell Kin to investors from certain countries, including Canada, China, Cuba, and North Korea.
- buzzert 7y agoWhy Canada?
- propter_hoc 7y agoPer the complaint, Kik (a Canadian company) asked the Ontario Securities Commission whether the tokens would be considered a securities offering under Canadian law, and the OSC told them yes, so, Kik banned Canadian investors from participating in the ICO. However, Kik decided not to ask the SEC or any other foreign securities regulator their opinion, and just went ahead with the issuance in every other jurisdiction--except jurisdictions which companies are banned from doing business with, like NK and Cuba.
- neokantian 7y agoAs international users, we have a vested interest in reining in the proclivity of American government departments to engage in extraterritorial expansion. We should wish to see them lose or be made to lose.
- bitxbitxbitcoin 7y agoThis is HN. We all know that anyone from one of those countries that wanted to, could easily have put money into this just by changing their IP address.