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> fun fact It's absolutely hilarious, the SEC has gone after so many different coins, ICO's and exchanges now who have gone to far greater lengths in excludin
by BelenusMordred 6y ago
> fun fact
It's absolutely hilarious, the SEC has gone after so many different coins, ICO's and exchanges now who have gone to far greater lengths in excluding Americans. The first person who gets around it opens you up to all sorts of civil and criminal charges.
I don't understand how after years of this happening any company thinks it's somehow safe with nothing more than an IP geofence.
- TheAdamAndChe 6y agoIf they make reasonable attempts to keep out Americans, requiring IP proxies and checking a box saying "I am not an American," then is it really their fault when Americans end up using it?
- kjjjjjjjjjjjjjj 6y agoYes, because of KYC
- nullc 6y agoThus far the SEC penalties are fairly uniformly ... raise a billion dollars from suckers, pay a penalty of $25 million as part of a settlement where they promise no further action kinda stuff. Just a really minor cost of doing business.