Post
Topic
Board Announcements (Altcoins)
Re: [ANN] ICONOMI - Fund Management Platform
by
MrPresident
on 31/10/2016, 20:49:04 UTC
Just wait til we hit Polo.

Mal, as a prominent non-shitposter in this thread, I encourage you to be more responsible with the Poloniex speculation/hype.

Here are the absolute facts:

    1.  Poloniex is a Delaware Corporation -- a U.S. company.

    2.  Poloniex takes regulatory compliance very seriously.  See for example New  Hampshire action in quick response to new law.

    3.  ICN are, beyond doubt, a security which is currently not registered with the SEC.  ICN are not in any way legal to advertise or sell in the United States.

SEC could force Poloniex to shutdown, or put the hurt on them, for listing unregulated securities.  Kraken seems willing to chance it for some reason.

The idea that we'll suddenly see a "ICN now trading on Poloniex!" announcement is pure insanity.

Iconomi put the cart before the horse by offering securities to U.S. buyers before they were registered in the U.S.  Now I presume they're paying expensive NY lawyers in an attempt to retcon the whole deal and make it kosher with the SEC.  We will see/hear administrative shit with the SEC, and a firm announcement of ICN's legal status in the U.S., before we see ICN listed on Poloniex, if ever.  Anybody thinking that ICN will be on Poloniex "soon" or that the announcement will come out of the blue is delusional.

Please do your part to contain the idiocy that infests this thread.



Iconomi isn't a US Company, and falls under series 7 of the U.S. tax code.
http://www.investopedia.com/exam-guide/series-7/investment-risk-tax-considerations/foreign-securities-taxation.asp
Foreighn Securities stats:
https://www.federalreserve.gov/econresdata/releases/secholdtrans/current.htm
definition of foreign securities:
http://dictionary.reverso.net/english-definition/foreign%20securities

Iconomi aren't applying for a NYSE listing (yet)like Gemini and don't operate within US borders like Vorhees.
New Hampshire's new Money transmitter licence costs between 500 and 5000usd per year, which isn't a ban, but puts the bar for them high because what little volume from NH wouldn't cover the cost for the fee.
Coinbase and Circle both still offer service to NH. It actually makes Polo look like cheap bastards.