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There is a reason the SEC mandates you be an "accredited" investor with at least $200k income in the last 2 years or $1M in assets, excluding your house. How m

There is a reason the SEC mandates you be an "accredited" investor with at least $200k income in the last 2 years or $1M in assets, excluding your house. How many customers ("investors") would Mt. Gox have if that same regulation was applied to them?

fragsworth 13y ago
This is totally different from an accredited investment. People using Mt.Gox were not investing in Mt.Gox, they were investing in USD and BTC, and allowing Mt.Gox to hold it for them.
- AJ007 13y ago
  Correction, they were allowing Mt.Gox to claim they were holding it.
- ars 13y ago
  > This is totally different from an accredited investment. Well obviously. And it turns out the regulations are different too! The need for regulations is what we are discussing here.