Risks of investing in ICOs that are restricted to US residents?

[ocips]

Hey guys,

Recently it seems that the good ICOs are being less available to US citizens. I know people still do it because, well crypto.

Anyone investing regardless of the restrictions and what are the risks of doing so?

[clardalan]

Hey guys,

Recently it seems that the good ICOs are being less available to US citizens. I know people still do it because, well crypto.

Anyone investing regardless of the restrictions and what are the risks of doing so?

you call your lawyer if they scam you, lawyer says "good luck"

[ocips]

Are you saying its because investors would not be protected if things go wrong with the ICO?

[clardalan]

Are you saying its because investors would not be protected if things go wrong with the ICO?

yeah

[shifty30]

protecting themselfs against lawsuits, looks like a smart thing todo, most be always somebody out there that lost money on a ICO and gets angry about it

[findingthemoon]

I think technically you are doing something illegal by investing in them but I don't think anyone has ever been prosecuted for that. In reality as others have said its the company that just wants to avoid trouble from US authorities.

[pearlmen]

Hey guys,

Recently it seems that the good ICOs are being less available to US citizens. I know people still do it because, well crypto.

Anyone investing regardless of the restrictions and what are the risks of doing so?

In recent times, I have not seen any ICO that have locked out US citizens for any reason because its crypto and to me even if they block IPs, there are rooms for VPNs without any restrictions. I would appreciate if you can list some of them. Anyways, US is one country anyone does not wants to toy with when it comes to internet issues so to avoid matters of legal concerns, the best is just to avoid their citizens all together.

[instacalm]

In recent times, I have not seen any ICO that have locked out US citizens for any reason because its crypto and to me even if they block IPs, there are rooms for VPNs without any restrictions. I would appreciate if you can list some of them

here's just one recent example:

NO U.S. PURCHASERS: EOS Tokens are not being offered or distributed to U.S. persons (as defined below). If you are citizen, resident of, or a person located or domiciled in, the United States of America including its states, territories or the District of Columbia or any entity, including, without limitation, any corporation or partnership created or organized in or under the laws of the United States of America, any state or territory thereof or the District of Columbia (a “U.S. person”) do not purchase or attempt to purchase EOS Tokens.

[olushakes]

US government have been so very strict when it comes to regulations of businesses that provide services to their citizens when it comes to the issue of registrations and compliance and we have seen several site shut down as a result of that because when the fine comes, which might even lead to some criminal charges, the business might not be able to survive it. In other to avoid such, the best is to state is emphatically that we are not accepting US citizens but they could actually participate but out of their own volition and responsibility.

In recent times, I have not seen any ICO that have locked out US citizens for any reason because its crypto and to me even if they block IPs, there are rooms for VPNs without any restrictions. I would appreciate if you can list some of them

here's just one recent example:

NO U.S. PURCHASERS: EOS Tokens are not being offered or distributed to U.S. persons (as defined below). If you are citizen, resident of, or a person located or domiciled in, the United States of America including its states, territories or the District of Columbia or any entity, including, without limitation, any corporation or partnership created or organized in or under the laws of the United States of America, any state or territory thereof or the District of Columbia (a “U.S. person”) do not purchase or attempt to purchase EOS Tokens.

[cjnmoh]

Who are invested in ICO, are they getting a real value with handsome profit after the listing of exchange? Share some of the ICOs with bounty reward if you got any?

[cybernetik7]

Yes, they are protecting themselves from lawsuits. The US still have not had a ruling on whether crypto is regulated as a security or form of money. Having said that, individuals are being prosecuted for operating without a Money Transmitter license in some cases. Like that guy who was operating of localbitcoins. Its a good sign when an ICO says not open to U.S. residents in my opinion.

[Pab]

There was few ico's with warning not permited for us citzens,edgeless,mgo sonm and more i think,i know that many usa citzens are investing,ico market is not regulated,that what usa is doing is awful

[shyliar]

The US actually puts people in prison (and for a very long time). What "honest" ICO issuer wants to deal with that.

[cybernetik7]

The US actually puts people in prison (and for a very long time). What "honest" ICO issuer wants to deal with that.

Definitely not worth the risk. That's okay, there seems to be plenty of interest from many other countries in the ICO market. From what I read, the Chinese are investing heavily.

[dbc23]

I think the real issue is for the ICO teams legal exposure, less the individual investor.  There's very strict regulation around fundraising and fund management, and ICOs span both.  Companies seeking to raise startup/operating capital have a lot of hoops to jump through as do the people/firm funding them.  On top of that with the value/income/trade-able aspects of crypto there's massive unresolved concerns about SEC regulations that may apply.

It's just easier for them to avoid the US to be safer.

I could see tokens eventually being used to replace stocks as they currently exist allowing much easier access to broader investment options but there's MANY legal questions to answer before then.

[BTCjust]

It really depends on the initiator, I believe that not everyone is annoying US resident.

[Koloulinger]

dev not want risk about US people
because before regulation US country is not good, but crypto curency is anonymous, you buy ico without ID verified, so if you know risk is no problem if you want buy