Hello! What will happen if to make ICO "secretive", without involving lawyers and observance of all necessary laws?
hah nice question..
The responsibility of the organizers for conducting such an ICO will depend on the type of the proposed token. At a minimum, it can be accurately said that the competent state bodies will force organizers to stop their ICO campaign...
ALSO:
Very substantial monetary penalties may be imposed (for example, a fine in Singapore for conducting an ICO that falls under securities legislation without registration is about $ 250,000)!