3 ms·
If a crowd funding website that was completely bitcoin based would it be able to avoid all SEC regulations? If there are regulations in the future is there a li
by icpmacdo 13y ago
If a crowd funding website that was completely bitcoin based would it be able to avoid all SEC regulations? If there are regulations in the future is there a liability to creating this now?
- pmorici 13y agoNo, There used to be 3 difference BTC denominated securities exchanges, Havelock, BitFunder, and some other one I can remember the name of. They were mostly based out of Canada then some regulators forced two of them to close and Havelock moved to a country in central America to avoid the same fate.
- tim333 13y agoNo doesn't work like that. Raising funds is raising funds whether it's in us$, bitcoin, pork-belly futures or whatever. You could list in another country like on Seedrs in the UK and then presumably be subject to UK rather than US law. Although if most of the investors and assets were in the US the SEC might still try to stop it.
- anigbrowl 13y agoIt's better to address the problem directly (investor eligibility) rather than trying to invent technological end-runs around it, because the law is not deterministic and such technological instrumentalities are very transparent to regulators..