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Can you participate in ICO in USA?
Recent comments from the SEC mean that cryptocurrency crowdsales are legal in the United States. ICOs, on the other hand, are fraught with risks if done incorrectly. Basically, Securities laws will apply to an ICO as they do to an IPO, but not to a crowdsale.
Are crypto presales illegal?
Pre-sales are not illegal but have to be done in compliance with Federal securities laws. This means sales to only Accredited Investors pursuant to Rule 506(c) or registering the sale with the Securities and Exchange Commission using a…
Is Coinbase registered with the SEC?
And since Coinbase has not registered with the SEC as a securities broker-dealer, its deposits are not protected by SIPC insurance either.
Can US citizens participate in ICOS?
Right now, the ICOs tend to ask if you are a US citizen, but there is no verification of whether or not one speaks the truth. Some projects use geolocation to block US citizens, but those can be bypassed with a proxy or VPN. It is impossible to prevent US citizens from participating, but these measures have to be taken regardless.
Can US residents participate in cryptocurrency ICOs in Singapore?
Anyone who has recently participated in a cryptocurrency ICO or pre-ICO may have noticed how these offerings are, in theory not available to residents in the US. Some projects even go as far as trying to dissuade residents from Singapore to participate as well.
Is it possible to invest in an ICO from the US?
Mostly not, the ICO wont allow residents from the United States to participate. If you still want to invest in an ICO you can use a VPN service so that your connection goes through a server outside of the United States.
Why don’t the US and Europe like cryptocurrency ICOS?
It is evident these two regions do not take kindly to cryptocurrency ICOs, mainly due to regulatory reasons. To put this into perspective, the United States is quite strict when it comes to investment regulations. Only accredited investors can partake in private placements of securities.