I think the biggest problems ICO coins have are tax liability. Anyone who took BTC and cashed it out needed to treat it as income and I bet a lot may have not and owe taxes if they ran with cash.

As for Ripple, the big complaint they got was not following money laundering requirements which is big if you are doing cash to BTC conversions or to any coin. This is not taken lightly by FinCEN and has always been a major point of doing exchanging and allowing people to launder money with the means that from what I understand Ripple had a way to cash in and out with coins.

I don't see how ICO/Premine/IPO is an issue with laundering unless you are based in the US and provide either a guarantee of profit or basing it off of trading by selling securities which is more of a SEC issue and falls under things like guaranteeing profit and other no nos.

This is probably going to be the start of a major push of regulations as we see more and more big players with stake which already have relationships with major government bodies. We see ones doing major transactions in the millions so 700k may be nothing but at this trickles down, we may see smaller guys get nailed with fines that bankrupt them.


Either way, I am not a lawyer so take this with a grain of salt.