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June 23, 2017, 07:44:18 AM |
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I am sure there would be some crackdown next year but I can feel that they (the government agencies mandated for this action) would be extra careful that they don't trampled on legitimate fintech start-ups. It would be a little harder for those based in USA but if one is above board then there is nothing to worry about.
We have to remember that as of now, the government has not yet issued guidelines on ICO (Initial Coin Offerings) but next year there might already be one that issuers have to follow. Though this can be restrictive I have no problem with that basically because we are also for the protection of the investors.
However, it would be a big challenge for USA to reach those who are not based in USA and are not accepting business from American citizens. In this case, it can mean that USA citizens can't be accommodated with ICOs anymore and I think there are already many ICOs who are implementing this policy.
Hopefully, the government will help weed out the scams in the cryptocurrency sphere and not indiscriminately attack the whole fledgling industry.
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