shutyourmouth
Newbie
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Activity: 34
Merit: 0
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November 01, 2016, 01:23:33 AM |
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ICN tokens are my ether tree seeds that will grow into my first ether tree by the time Q1 2017 arrives. (No matter the price I will not sell until 2018. Good luck to all weak hands. BTW I might be in the top 30.
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MrPresident
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November 01, 2016, 01:48:26 AM |
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ICN tokens are my ether tree seeds that will grow into my first ether tree by the time Q1 2017 arrives. (No matter the price I will not sell until 2018. Good luck to all weak hands. BTW I might be in the top 30.
I wonder if Vitalik knew Ether is called "Laughing Gas" in the USA?
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LeonardoDaVinci
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November 01, 2016, 01:54:30 AM |
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ICONOMI is a foreign entity so it qualifies for Exemption from US Securities Registration, eventhough it raises capital in the United States: https://www.sec.gov/divisions/corpfin/internatl/foreign-private-issuers-overview.shtml#IVIV. Exemptions from Securities Act Registration — Initial Distributions and Resales
"Foreign private issuers may raise capital in the United States through a registered offering of securities or through offerings that are exempt from the registration requirements." Someone please call 1-800-POLONIEX and inform them about this right now!
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MrPresident
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November 01, 2016, 01:57:26 AM Last edit: November 01, 2016, 02:08:53 AM by MrPresident |
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ICONOMI is a foreign entity so it qualifies for Exemption from US Securities Registration, eventhough it raises capital in the United States: https://www.sec.gov/divisions/corpfin/internatl/foreign-private-issuers-overview.shtml#IVIV. Exemptions from Securities Act Registration — Initial Distributions and Resales
"Foreign private issuers may raise capital in the United States through a registered offering of securities or through offerings that are exempt from the registration requirements." Someone please call 1-800-POLONIEX and inform them about this right now! I'm sure they know securities law by now... This was to inform the FUDders who keeps spreading "illegal in USA". Which was ofc total bullshit... USA has trillions annually flowing into "unregistered foreign securities" Cryptocurrencies are not required to register anything in USA, the exchanges are the regulated bottleneck, which is why Gemini is still waiting for the CFTC after 2 years while Americans still buy derivatives Globally as seen in the above links. There is no law in the USA prohibiting the sale of securities not registered within our borders or any border for that matter... The SEC would be busting nearly every managed asset in the USA if that were true lol.
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snkns
Newbie
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Activity: 32
Merit: 0
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November 01, 2016, 02:12:17 AM |
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ICONOMI is a foreign entity so it qualifies for Exemption from US Securities Registration, eventhough it raises capital in the United States: https://www.sec.gov/divisions/corpfin/internatl/foreign-private-issuers-overview.shtml#IVIV. Exemptions from Securities Act Registration — Initial Distributions and Resales
"Foreign private issuers may raise capital in the United States through a registered offering of securities or through offerings that are exempt from the registration requirements." This is a quite complex area of law. What you quote does not mean that all offerings by foreign companies are exempt. Not even close. "Offerings that are exempt" are typically those which are limited or private in nature. For the Iconomi ICO, any Tom, Dick, or Harry in the USA could buy ICN. So it doesn't meet a limited/private exemption. Other exemptions require e.g. that there be no marketing efforts that could be reasonably calculated to reach the USA. Probably also a failure. (If they were going for exemption that required this they would have handled all marketing themselves, and not outsourced to uncontrollable bounty program.) And even if the ICO was properly exempt, resale on the open market in the USA may not be exempt. The SEC explains this with a quote that directly applies to the current situation with not being listed on bittrex or poloniex.The registration requirement under Section 5 of the Securities Act generally applies on a transaction-by-transaction basis. As a result, securities sold initially pursuant to an exemption or safe harbor from registration may not then be resold unless either an exemption is available or the resale is then registered under the Securities Act. The availability of resale exemptions should be an important consideration to a foreign private issuer; it may not only affect the price and ability to initially place the issuer’s securities, but the availability of the issuer’s initial exemption or safe harbor as well.
i.e., Iconomi is having a hard time placing its securities on exchanges because it can't establish an exemption for resale transactions on those exchanges. Hence they need to do the SEC registration work.
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electronicash
Legendary
Online
Activity: 3122
Merit: 1052
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November 01, 2016, 02:23:03 AM |
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ICONOMI is a foreign entity so it qualifies for Exemption from US Securities Registration, eventhough it raises capital in the United States: https://www.sec.gov/divisions/corpfin/internatl/foreign-private-issuers-overview.shtml#IVIV. Exemptions from Securities Act Registration — Initial Distributions and Resales
"Foreign private issuers may raise capital in the United States through a registered offering of securities or through offerings that are exempt from the registration requirements." This is a quite complex area of law. What you quote does not mean that all offerings by foreign companies are exempt. Not even close. "Offerings that are exempt" are typically those which are limited or private in nature. For the Iconomi ICO, any Tom, Dick, or Harry in the USA could buy ICN. So it doesn't meet a limited/private exemption. Other exemptions require e.g. that there be no marketing efforts that could be reasonably calculated to reach the USA. Probably also a failure. (If they were going for exemption that required this they would have handled all marketing themselves, and not outsourced to uncontrollable bounty program.) And even if the ICO was properly exempt, resale on the open market in the USA may not be exempt. The SEC explains this with a quote that directly applies to the current situation with not being listed on bittrex or poloniex.The registration requirement under Section 5 of the Securities Act generally applies on a transaction-by-transaction basis. As a result, securities sold initially pursuant to an exemption or safe harbor from registration may not then be resold unless either an exemption is available or the resale is then registered under the Securities Act. The availability of resale exemptions should be an important consideration to a foreign private issuer; it may not only affect the price and ability to initially place the issuer’s securities, but the availability of the issuer’s initial exemption or safe harbor as well.
i.e., Iconomi is having a hard time placing its securities on exchanges because it can't establish an exemption for resale transactions on those exchanges. Hence they need to do the SEC registration work. So its true that SEC will be regulating all the crypto even the existing ones already like Waves? They've recently move to a big office and that could be the purpose of it. Is this going to be a good thing for us or not? Or will the Anon coin then be needed because of the SEC actions?
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antigalo
Member
Offline
Activity: 214
Merit: 10
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November 01, 2016, 02:28:47 AM |
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Hi guys, where iconomi exchanger?? thank's
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MrPresident
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November 01, 2016, 02:29:39 AM Last edit: November 01, 2016, 02:41:17 AM by MrPresident |
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ICONOMI is a foreign entity so it qualifies for Exemption from US Securities Registration, eventhough it raises capital in the United States: https://www.sec.gov/divisions/corpfin/internatl/foreign-private-issuers-overview.shtml#IVIV. Exemptions from Securities Act Registration — Initial Distributions and Resales
"Foreign private issuers may raise capital in the United States through a registered offering of securities or through offerings that are exempt from the registration requirements." This is a quite complex area of law. What you quote does not mean that all offerings by foreign companies are exempt. Not even close. "Offerings that are exempt" are typically those which are limited or private in nature. For the Iconomi ICO, any Tom, Dick, or Harry in the USA could buy ICN. So it doesn't meet a limited/private exemption. Other exemptions require e.g. that there be no marketing efforts that could be reasonably calculated to reach the USA. Probably also a failure. (If they were going for exemption that required this they would have handled all marketing themselves, and not outsourced to uncontrollable bounty program.) And even if the ICO was properly exempt, resale on the open market in the USA may not be exempt. The SEC explains this with a quote that directly applies to the current situation with not being listed on bittrex or poloniex.The registration requirement under Section 5 of the Securities Act generally applies on a transaction-by-transaction basis. As a result, securities sold initially pursuant to an exemption or safe harbor from registration may not then be resold unless either an exemption is available or the resale is then registered under the Securities Act. The availability of resale exemptions should be an important consideration to a foreign private issuer; it may not only affect the price and ability to initially place the issuer’s securities, but the availability of the issuer’s initial exemption or safe harbor as well.
i.e., Iconomi is having a hard time placing its securities on exchanges because it can't establish an exemption for resale transactions on those exchanges. Hence they need to do the SEC registration work. indeed, Cryptocurrencies don't require registration within US borders. Regulation is done at the exchange level, and foreign securities are not required to register with the SEC, that is 100% up to the broker-dealer, and their responsibility. The only advantage of an SEC filing would be the ability to list on the NYSE. (looks easy but not, look at Gemini) NYSE is an exchange. American CRYPTO-exchanges can list whatever token they like, because it is their exchange, and their state to state rules. The IRS has went out of their way to make unregistered Foreign Securities taxable since 1993 (See chapter 7 of IRS code.)
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Develop Custom Decentralized Blockchain Applications in JavaScript with LISK! Website | Blog | BTT Thread | Chat - Be part of the decentralized application movement!
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BlockChainr
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November 01, 2016, 02:39:47 AM Last edit: November 01, 2016, 02:53:18 AM by BlockChainr |
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ICONOMI is a foreign entity so it qualifies for Exemption from US Securities Registration, eventhough it raises capital in the United States: https://www.sec.gov/divisions/corpfin/internatl/foreign-private-issuers-overview.shtml#IVIV. Exemptions from Securities Act Registration — Initial Distributions and Resales
"Foreign private issuers may raise capital in the United States through a registered offering of securities or through offerings that are exempt from the registration requirements." This is a quite complex area of law. What you quote does not mean that all offerings by foreign companies are exempt. Not even close. i.e., Iconomi is having a hard time placing its securities on exchanges because it can't establish an exemption for resale transactions on those exchanges. Hence they need to do the SEC registration work. indeed, Cryptocurrencies don't require registration within US borders. Regulation is done at the exchange level, and foreign securities are not required to register with the SEC, that is 100% up to the broker-dealer, and their responsibility. The only advantage of an SEC filing would be the ability to list on the NYSE. (looks easy but not, look at Gemini) NYSE is an exchange. American CRYPTO-exchanges can list whatever token they like, because it is their exchange, and their state to state rules. The IRS has went out of their way to make unregistered Foreign Securities taxable since 1993 (See chapter 7 of IRS code.) A good example is Bittrex selling Antshares. Nothing to do but list the buggah.I agree. This is why Kraken listed ICONOMI. Kraken the most prominent and most licensed US exchange with far more lawyers than Poloniex & Bittrex. Poloniex & Bittrex will soon follow Kraken in listing ICN.
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MrPresident
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November 01, 2016, 02:41:01 AM |
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I agree. This is why Kraken listed ICONOMI.
Kraken the most prominent and most licensed US exchange with far more lawyers than Poloniex & Bittrex.
Poloniex & Bittrex will soon follow Kraken in listing ICN.
Indeed, and Kraken is anal about regulation... Another good example is Bittrex selling Antshares.
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Develop Custom Decentralized Blockchain Applications in JavaScript with LISK! Website | Blog | BTT Thread | Chat - Be part of the decentralized application movement!
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hitrock
Member
Offline
Activity: 71
Merit: 10
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November 01, 2016, 02:51:38 AM |
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Damn SEC again !!!!!!!!!!!!!! Trafficmonsoon, now ICONOMI SEC is SATAN , They only want free money !!!!
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LeonardoDaVinci
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November 01, 2016, 02:55:12 AM |
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It's not the SEC. It's some fudder with NEWBIE account who's spreading false information so he can buy cheap ICN before it's listed on Poloniex
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MGM
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November 01, 2016, 03:05:17 AM |
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It's not the SEC. It's some fudder with NEWBIE account who's spreading false information so he can buy cheap ICN before it's listed on Poloniex Lot of buying lately indeed
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sussex
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November 01, 2016, 03:11:31 AM |
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We already know that there is at least one outstanding NDA with an exchange. It seems to me that going to the trouble of an NDA would only be worth it with a sizeable exchange, so something is going to happen.
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puthupanth
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November 01, 2016, 03:27:24 AM |
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This is a build up to something very big I can do with the price dropping for alittle while longer below 0.00015.
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MrPresident
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November 01, 2016, 03:27:58 AM Last edit: November 01, 2016, 03:43:29 AM by MrPresident |
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This is a build up to something very big I can do with the price dropping for alittle while longer below 0.00015. I think you may have missed the opportunity to grab some at .00015 ...best I could manage at the bottom was a few thousand at .00058 there's a 310k buywall at .000176 now too for the last day
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Develop Custom Decentralized Blockchain Applications in JavaScript with LISK! Website | Blog | BTT Thread | Chat - Be part of the decentralized application movement!
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MoveCrypto
Sr. Member
Offline
Activity: 364
Merit: 250
move that crypto
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November 01, 2016, 03:36:32 AM |
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ICONOMI is a foreign entity so it qualifies for Exemption from US Securities Registration, eventhough it raises capital in the United States: https://www.sec.gov/divisions/corpfin/internatl/foreign-private-issuers-overview.shtml#IVIV. Exemptions from Securities Act Registration — Initial Distributions and Resales
"Foreign private issuers may raise capital in the United States through a registered offering of securities or through offerings that are exempt from the registration requirements." This is a quite complex area of law. What you quote does not mean that all offerings by foreign companies are exempt. Not even close. "Offerings that are exempt" are typically those which are limited or private in nature. For the Iconomi ICO, any Tom, Dick, or Harry in the USA could buy ICN. So it doesn't meet a limited/private exemption. Other exemptions require e.g. that there be no marketing efforts that could be reasonably calculated to reach the USA. Probably also a failure. (If they were going for exemption that required this they would have handled all marketing themselves, and not outsourced to uncontrollable bounty program.) And even if the ICO was properly exempt, resale on the open market in the USA may not be exempt. The SEC explains this with a quote that directly applies to the current situation with not being listed on bittrex or poloniex.The registration requirement under Section 5 of the Securities Act generally applies on a transaction-by-transaction basis. As a result, securities sold initially pursuant to an exemption or safe harbor from registration may not then be resold unless either an exemption is available or the resale is then registered under the Securities Act. The availability of resale exemptions should be an important consideration to a foreign private issuer; it may not only affect the price and ability to initially place the issuer’s securities, but the availability of the issuer’s initial exemption or safe harbor as well.
i.e., Iconomi is having a hard time placing its securities on exchanges because it can't establish an exemption for resale transactions on those exchanges. Hence they need to do the SEC registration work. Kraken is even more strict about what they list than Bittrex and Poloniex. You think you know more than an entire team of lawyers working for Kraken that approved listing ICN, DAO, REP ? You still haven't placed a bet here. If you are really confident that Bittrex or Poloniex won't list ICN, then this is easy money for you: https://bitbet.us/bet/1329/iconomi-listed-on-bittrex-or-poloniex-by-february/If you don't put your money where your mouth is, then I assume you are a fudding sockpuppet who is trying to get buy orders filled on Kraken.
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MrPresident
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November 01, 2016, 03:41:50 AM |
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Kraken is even more strict about following regulations and even more strict about what they list than Bittrex and Poloniex. You think you know more than an entire team of lawyers working for Kraken that approved listing ICN, DAO, REP ? You still haven't placed a bet here. If you are really so confident that Bittrex or Poloniex won't list ICN, then this should be easy money for you: https://bitbet.us/bet/1329/iconomi-listed-on-bittrex-or-poloniex-by-february/If you don't put your money where your mouth is, then I assume you are a fudding sockpuppet who is trying to get buy orders filled on Kraken. I am MrPresident, and I approve this message
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Develop Custom Decentralized Blockchain Applications in JavaScript with LISK! Website | Blog | BTT Thread | Chat - Be part of the decentralized application movement!
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snkns
Newbie
Offline
Activity: 32
Merit: 0
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November 01, 2016, 03:42:51 AM |
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foreign securities are not required to register with the SEC
As a blanket statement, this is utterly false.
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kingcrimson
Legendary
Offline
Activity: 1025
Merit: 1000
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November 01, 2016, 03:43:09 AM |
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We already know that there is at least one outstanding NDA with an exchange. It seems to me that going to the trouble of an NDA would only be worth it with a sizeable exchange, so something is going to happen.
I bet it is polo and then when it hits we are going to 60k-80k floor
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