is isle of man considers a safe harbour for ico?
it seems like isle of man does not differentiate public and private company, which means that it has not regulation with regards to issuance of securities , such as debenture, shares, etc
what do you guys think about?
I have no information regarding the legality of ICOs in the Isle of Man.
However, I strongly advise you to also consider the legality of these method of fundraising in the countries where
your investors and users reside. If you want to be really on the safe side, you need to ban the IPs of countries like
China and South Korea and probably also the US. Besides, you need to exclude users from these territories in
your Terms of Service.
Talk to a lawyer, if you are serious about a project like this. It is not really possible anymore to gain the necessary knowledge
of all these jurisdictions on your own.
