I am a us citizen currently living in s.korea for a couple of years.
A thing that's been bothering me lately is that
1. Any legal problem if i purchase the ico tokens by sending the btc from Bithumb exchange to the ico website?
Will i be ok?
There shouldn't be any legal problem, but it's probably best to send from a wallet that you control, in case of refunds. If the ICO terms literally prohibit US
citizens, it would violate the terms, but I highly doubt any ICO company is enforcing this.
2. How about for US citizens living in the states and using vpn to invest into ico? any legal problem?
I looked into this a few months back. There should be no legal problem for US citizens with investing in ICO tokens. Blocking US IP address is just to cover the ICO company's ass. I couldn't find anything that prohibited misrepresenting our residence, either, although that may change if Senate Bill 1241 gets passed and ICO operators are deemed financial institutions.
Thanks alot for the reply!
i do recognize that it's hard to track if i send btc from my private wallet to ico website.
But my point was sending btc directly from Exchange account to the ico website.
there wouldn't be any difference right?
Also you are saying that even if it could be considered as a legal problem, there'd be no possibility of being indicted or charge of fine for breaking the law such as Foreign Exchange Control Law, is that correct?
