Bitcoin Forum

I though that cryptocurrency is Meant for everyone. i thought that one of the reason is to create a decentralized system. for everybody on this planet in need to fight of the centralized economic system. 

1;WHY Do we have projects that places restriction for investors from certain regions.

2;Why do some project owners ban some regions from participating in the Marketing campaigns of their project but Rather allows such people to invest in their project.


Well the first question is understandable but still Not clear to me BUT THE Second, is apt.

It may forced to do this by the countries the projects registered, and they should follow the law.
But if the project did not register anywhere ( and this may be risky project) you will not find this restrictions.

We have to accept the fact that we are moving away from the decentralized and borderless concept of crypto and this is due to many projects want to be compliant with local governments rules and regulations and also some international monetary agancies, although this can be good for compliance and legal terms as it will help to afopt crypro by more and more people but at the same time it does effect negatively the basic concept of crypto.

i believe regional restrictions are with respect to the region's policies and sanctions as not al parts of the world have come to terms with crypto yet. Lets consider a practical case of india, where the government doesn't make allow the crypto related transactions. it is of no use allowing or even considering a future use for them as it is always not in their sturctural pattern to allow the blockchain technology. But that doesn't mean that they can not change location and become eligible to carry out crypto related transaction. Hence, the need for the to invest also without considering their location.

There are regional restrictions because of legal requirements, cryptocurrencies are banned in some countries, and project have to respect that, although users can also register for those bounties without disclosing their real country or region, but it will be at their own risks.

It's because they have certain rules and regulations that they have to obey base on their geographical location. Not just because crypto is meant for everyone, they are also good in breaking the rules of law of their country.

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I'm not aware of this, if for the marketing maybe they already have someone or a certain agency dedicated for the marketing on that specific region. Since they are allowing investors from that region to invest that's the closest possibility that I can think of.

Yeah right and it cannot be underestimated, without restriction a project will look ugly by some groups. So we must understand, because it was not made by the will, but the different rules that created it.

As you said, the first question is quite understandable in that government sometimes interrupt these projects and theyay face legal issues if they allow certain people to invest in their project.
With the second part, I think it is normal and beneficial t9 the devs alone and some may be due to restrictions on the country members from participating in crypto related activities. One can look at it also as that the same way advertisers would consider certain geographical regions as worth more than the other, se devs think it'll be more beneficial to them to use some specific countries rather than others to reach their target customers/investors.

1. It caused by those investors are not getting permission from their countries to deal with ICO investment and that's why the ico project must try to ban them from the countries which are banning icos or ieos.
2. for the second reason the answer is still the same as the first answer and participate in the campaign just like you are participating in the ico too.

Some projects and companies want to first start within their own regions before expanding to others. It still doesn't stop you from buying their tokens off the exchange. Rather wait till the ICO ends and dod that.
You might find you save yourself a pretty penny.

Those projects that has been segregating, where are they now? Are they not the projects that has already scammed investors and packed up, sometime I o feel that they do that because they don’t want the particular country to go after them and the country they usually restrict are high tech companies that can easily trace them when they hear of them duping their member.

For projects that are real and still  practicing this, I feel they do so to evade tax, one of the issue binance still had with US government is that of tax until maybe they finally went into some sort of agreement with the government that made them to be creating a special trading platform strictly for the US citizens. Those are just what I personally feel but there might be more to it and only those projects knows.

I'm sure this is not about some countries going against crypto and even if the restricted countries doesn't support crypto no one will know of your involvement,crypto is privacy and mostly decentralized so i don't see any reason why some projects are putting restrictions on some countries,most projects ive seen put restrictions on U.S when many investors are from united states,either ways its the developers idea and its their loss too

restrictions on projects is a bad move to me,crypto are been created for mass adoption and usage too,restrictions on projects equals to lower adoption rate and some part of the world have higher crypto adoption rate for example asian part,korea,china or malta,if restrictions are been put of these countries dont bother to waste your time on such projects

Why should people promote your token sale outside the region where potential buyers are? I mean, if a token sale is restricted for USA participants, why should managers hire promoters that would make marketing in USA? That makes no sense at all.

Everything is very simple, since the money is managed by the International Monetary Fund, it dictates the rules, and you still buy cryptocurrency through bank cards, and if sanctions are imposed on certain regions, you cannot buy a coin there. Therefore, teams are insured and push that it is impossible to buy from certain countries since there are great chances not to get money.

This is one possibility but I still want to know which campaign is this. Can OP drop the name here so we can also check out why the case? They are not paying that much for bounties and I find it unreasonable not add more promoters.

Cryptocurrency is for every people in this world, though some country dont want their people to be involve in some PUBLIC change or even in cryptocurrency.
This is why some projects are not allowing some people in a certain region, for their security.
That is why KYC became popular in cryptocurrency specially in bounty and ICO.

some countries were not allowed since their regulations are more strict like the USA, some of the projects aren't allowing US citizen to participate in investing projects. if you are a bounty campaign hunter that's from US then it will be a waste of time for your when they do KYC later on you will just be denied of to the tokens. this was happening even during the ICO times.

They are following laws in conducting projects. They are following the SEC guidelines for this. They just can't conduct it because they want to. They have a protocol to follow.

I don't understand this. In my 2 years in cryptocurrency and in this forum, I haven't encountered this one.

You are asking the wrong question, projects are not for us, it is not a charity. It is bussines.

And the answer to the both questions is the same - regulations, projects are obligated to exclude countries which has certain rules and laws and those who are sanctioned by large organisations. Besides- crypto-currencies are not equal to ICO tokens.

Just like gambling and other industries where there are places or countries in the world that prohibits such investment with its citizens and for project doesn't like
the hassle on being sued up or face up possible problems with the government then they would definitely do such restriction on the early or first place.
I know that crypto investment should be no limits but that's how other government do impose their strict rules and laws.

I don't know how this thing being implemented out on prohibiting other countries when it comes to marketing campaigns in short bounty ones.
Detecting places of each participant? This is a very hassle thing to do unless if they do let bounty hunters or participants registered on their own site then they can
filter it out.One thing on my mind why some do make such rule because bounties are really prone to abuse and this is some sort of racism,they do think that some nationalities do the abuse.

A lot of governments in the world don't like cryptocurrencies, because they can't manage it, and projects must adhere to that. Projects do not want to confront the government and it is best to prohibit people from that area from participating in the project.
I still hope one day cryptocurrencies are welcome around the world.

The restrictions are usually applied to the investors from USA, Australia, China. Centralized economic conditions don't give the special advantage for using its features but the decentralised world mean freedom for companies and customers. Restricted areas have the same restraints for other pars of money involved activities.

Crypto payments are limited to the some companies, it can spread all over the world. The yield of the centralized systems weakens the belief, the economy should see new forms of working tools. Goverrnmetns don't want to see free decision-makers, the crypto is big threat that has the potential to affect their working mechanism.

1. Some countries have declared if crypto didn't meet all of the regulations that already applied in those countries. These countries were also prohibiting its investors to participate in any investment that can't fullfill the requirements to be called as an investment based on its regulation. Rather than putting the investors in the risk and icos have been deciding to ban those countries.

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2. The marketing participants will be paid by the shares of the company ( i can't call that as nonsecurity coin considers about it has no utility usage). this is having the same definition just like an investor who is exchanging its effort to get paid by the shares from the company. This thing was also prohibited by some countries.

I think cryptocurrency projects restrict people of some specific countries from buying their tokens just because of the law of the specific countries. Crypto projects are bound to abide the law of the country where they are registered. Some of them do not provide bounty rewards to the countries where cryptocurrency is considered illegal. 

If the question is about bounties, there are no bounty rules in this forum that limit participants from specific regions and if your area is listed as a prohibited area then avoid bounties that require KYC.

The decentralization was abused by the bad people in which they used crypto currency in scam, money laundering and etc. that is why the government decided to regulate the crypto currency with near to centralization to counter these growing negative used of crypto in which some of these government banned crypto therefore we need to abide the law from regulation or face the consequence.

The true cryptocurrencies do not restrict any country, but recently created coins that offers coins in a token sale (ICO) must comply with regulations. The restricted countries in most cases are USA and China.

Developers who put restrictions on some countries for their projects don't know what they are doing,they are ultimately shutting down better adoption rate for their projects,just imagine if projects like bitcoin or ethereum put restrictions on some countries what would have happened ? Crypto shouldn't be build to be used by some part of the world only,it doesn't make any sense

Do not promote bounty projects with regional restrictions because one way or the other they will end up facing adoption problem,many investors will be left out of the ICO or IEO sales and the awareness will be so low too,the projects that took this path in the past are no where to be found,they are not dead but only very few knows they exist

I believe the reason why there are regional restrictions on bounties are not far from the fact that the individual regions has some set down rules which the project does not want to go against. One of the most famous caveat on tokensale is the restriction of countries like China, USA etc.

Bounty restrictions could be necessary Inorder to focus on a particular region. Some projects are concerned about a particular market and want only bounty hunters from that region to promote the services. This could be the reason for the restriction of bounties.

That will do on social media and some promotion like telegram to keep the language in region.
Though as bounties which has signature campaign and article. I believe that the restriction is coming from Country government decision.
There are some country which KYC is strictly illegal, there are some which dont welcome crypto. this is one of the main reason why they dont welcome some hunters coming from that region to participate as they will not get any payment at the end.

Cryptocurrency is not for everyone. Some countries have banned it. So bounty projects are restricted from selling their tokens to the citizens of particular countries due to the law of the country in which such projects are registered. Such projects have to follow the Law, rules and regulations of the particular country.

Op has replied to some of his bounties but didn't replied to this thread so I guess he missed this thread already and forget about going back to the discussion.

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If there are projects like that, they probably have their own reason but they have to explain and justify it why.

For example VODI X project put restriction on United States and the project is an asian project still i don't see any reason why they did this,its an decentralized Ecommerce Ecosystem based project for jobs creating and so on,the restriction is useless to me

Decentralization is no more for all coins and dont be deceived by that. Some countries place restriction by law and their system which prevent some citizens from participating in some crowdfunds, maybe you should find out about yours. If we have cases where investment is allowed and marketing is disallowed you can approach BM and team members of such project, it is rarely seen and such should be criticized.

the purpose of the bounty is to find investors who are investing or interested, but that is impossible if cryptocurrency in their country is not legal ( banned) . I think it's pointless to promotebounty project  your friends while in your country cryptocurrency is illegal.

It gets me confused at times, while some crypto project are not meant for USA citizen even though crypto is legal in the country. Is it all about the tax they are been charge of

Did you get any chance of asking the developers on why they did that?

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It's also a questionable thought for me but it's better to get a clear insight on why they have been doing that. Maybe they just prefer a usual pool of investors and marketers that's on different category.

One of the reasons that I know from a lot of news is because of legal reasons. Therefore, the government of the country considers the presence of crypto can make the country's economy have a negative impact.

1. Depending on the laws in force in certain countries, cryptocurrency is a free investment, some countries do not support it.

2. The reason is actually personal to them, or some bad experience related to marketing participants from that country (cheating or other).

I think that in countries there is protection for investment, that’s all. And they don’t want to get involved in too complicated laws. Or just escape responsibility. Say most of the projects cannot receive money from US citizens.

I believe that those requirements will simply be requirements that will ensure that their investors are well protected and I think that the major requirement would still, l be the data protection that the exchanges are clinging on, they initially do not want to accept the enforcement of KYC on their citizens, but we can see how they have finally come down to the level of government.

I am sure that one of these country is US, they must have really been hard on some of these exchanges as regards their KYC, and I think it is this reason that is making binance now to separate account of US citizens in other to follow the rule of US concerning their citizens participating on anything regarding investment on the exchange and I think this will only succeed in turning this whole system to a centralized one.

Recently, I received an email from Brave Browser that also they are going to restrict some countries, so we will not get ref rewards from people from these countries. Real decentralized solution for digital advertising?

Most of the restrictions are to evade the strict jurisdiction of that country which bans ICO or have strict laws to follow. For example banning USA.
Some are to evade countries that are being sanctioned by the country of project's jurisdiction.
And some are just to exclude unnecessary hassles.

for investors they are restricted because they only target sales in a few countries so they make some countries not allowed to follow, regulatory issues also have little effect

in the case of bounty hunters, it is almost like a point to add to it, usually because they feel that in certain countries, many are cheating so that it harms their side and that makes it prohibited and also they usually target to make communities in certain countries so that restricted rules are enforced.

It all depends on regulation, buddy. We know that not all countries accept cryptocurrency openly, some even outlaw it. The existence of restrictions is of course for the sake of security and mutual comfort, so that no rules and policies are violated. If there is a different treatment between investors and bounty hunters, that is the policy that we must accept, there must be a certain reason, for example, many people who cheat from the region, etc.

Every country has different regulations, including regulations on cryptocurrency. Decentralization in terms of cryptocurrency is in use while in terms of investment it is still regulated by the government because it involves financial or tax matters.