Post
Topic
Board Announcements (Altcoins)
Re: [ANN] ICONOMI - Fund Management Platform
by
gbdesai
on 22/12/2016, 08:53:40 UTC
While waiting, we can read this: https://www.iconomi.net/terms-of-use

edit:
"4. Users from the United States
4.1 THE WEBSITE AND ITS PRODUCTS ARE NOT OFFERED FOR USE TO THE CITIZENS OF THE UNITED STATES OF AMERICA (“USA”) REGARDLESS OF THEIR LOCATION, AND ARE NOT OFFERED TO NATURAL OR LEGAL PERSONS, HAVING THEIR SEAT OR HABITUAL RESIDENCE IN THE USA."

that is not good info  Sad

That's kinda like eToro... Available everywhere except US:
https://www.etoro.com/usa/?ref=signup

This doesn't forbid US citizens of the United States from buying and selling ICN on exchanges.
It's a protection, when Iconomi offers real products, they will surely review this, US is a very important market.
Do not worry about it for now.
Hopefully it's temporary. Perhaps launching in the US right away would've delayed launch by a few months.

From Quora regarding Etoro not entering the US market:
any broker which avoids the US market does so due to the regulations that are required for operating in the US.( same for BC Canada. ) these 5 bodies        U.S. Commodity Futures Trading Commission   Commodity Futures Trading Commission   (CFTC)       U.S. Department of the Treasury   Department   of the Treasury       Federal Deposit Insurance Corporation   Federal   Deposit Insurance Corporation (FDIC)       FINRA - Home Page   Financial   Industry Regulatory Authority (FINRA)       U.S. Securities and Exchange Commission   Securities   and Exchange Commission (SEC)  are regulating all activities. for a broker it could be too much work and too hard to get the license due to all the rules and restrictions.

https://www.quora.com/Why-does-eToro-com-avoid-the-US-market

It doesn't really matter...

You can still live in the US and own shares of a Stock market or Casino that OPERATES OUTSIDE THE USA.


That's not really the issue, they aren't supposed to solicit you or allow you to be a customer of theirs unless you meet SEC accredited status. Burden is on them.