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Author Topic: BOUNTIES WITH REGIONAL RESTRICTION.  (Read 399 times)
xmonkeyx
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August 31, 2019, 12:23:09 PM
 #41

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.
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.

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wedosgibas
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here we go


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August 31, 2019, 01:02:51 PM
 #42

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).
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August 31, 2019, 01:03:10 PM
 #43

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.

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September 01, 2019, 04:27:11 PM
 #44

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.

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 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.

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whatthesith
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simply getting the job done


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September 01, 2019, 04:59:44 PM
 #45

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?

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September 01, 2019, 05:02:59 PM
 #46

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.

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.


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valuater
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September 01, 2019, 06:41:45 PM
 #47

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.
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September 01, 2019, 11:07:01 PM
 #48

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.

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Burogh
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September 02, 2019, 01:27:02 AM
 #49

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.

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.

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