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Author Topic: Americans and ICOs - a special relationship  (Read 111 times)
cryptokangaroo (OP)
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February 14, 2018, 12:00:22 AM
 #1

Millions of Americans (and nationals of other countries) are banned from participating in Initial Coin Offerings by their governments..
The cunning people of those nations tried to go around those bans with using VPNs etc..
But with the onslaught of ever-present Know Your Customer (KYC) procedures  it is becoming painstakingly impossible to participate
in those attractive ICOs..
Is there any technical/legal way or a service to circumvate the needs and wants of those needy governments and allow unencumbered access to investment to ICOs for the aforementioned citizens?
This would benefit the ICO market as it is still too small...only 4bln in 2017 compared to 188bln of the traditional IPOs. It still has a room to grow and the lion part of that growth admittedly could be achieved by inclusion of USA and China private investors..
So how do we build a bridge between US and Chinese investors to ICOs leaving the US government officials stand in awe and appreciation of that jolly nice bridge?
rlim475
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February 14, 2018, 12:19:43 AM
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US citizens cannot participate because of regulation. For many ICOs it is easier to exclude them then to go through the expense and effort of including them and complying with all regulation. Given that cryptocurrencies are going to come under further scrutiny in near times, especially from the US I actually foresee a situation whereby most ICOs will open up to the US going forward as it will be much clearer as to what their regulatory requirements are.

I believe that given ICOs will deal in cryptos which will be considered as securities, only accredited investors from the US can invest and this is in where the difficulty lies.
CHENIEN
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February 14, 2018, 12:36:08 AM
 #3

This is a significant problem that always encounter in cryptocurrency business, even Initial Coin Offering has a good contribution to the people but still some government institutions banned ICO. But for me, it is only a treat, so that crypto can force to pay taxes to the government, but if all crypto management allow to decentralized the system of operations, these several problems being encounter are totally eliminated, but the opposite side also will affect the price status, because the government has the power to control the movement of price. And even me, I really like that crypto are only solely operated by a private sector without any assistant from government, to avoid any conflict of management decisions.

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