Post
Topic
Board Tokens (Altcoins)
Re: [ANN] ICONOMI - Digital Assets Management Platform
by
bcmine
on 17/02/2017, 11:46:33 UTC
people from us are excluded from the service and thats something going to change in the future? hehehe

https://iconomi.net/terms-of-use
4. Users from the United States
...

Okay, I'm going to settle this question for you guys once for all. Anyone who makes a big deal out of this clearly has very little understanding & knowledge of the financial environment in the US.

In the US, regular, everyday people are barred from investing in hedge funds or participating in any high risk investment activity like angel investing (due to rules such as - SEC regulation D, section 506). Among other things, American people are also forbidden to own a multi-currency bank account or opening a financial service (trading/bank) accounts in most foreign countries.  For instance, are you aware that US residents are not allowed to use OkCoin? (most financial institutions simply would not accept US clients because of cumbersome regulations).

So you can say that the good o' USA is like a nanny state or even a police state at the moment.

In other words, regular folks in the US with little money are almost completely barred from participating in any highly profitable activity, only "accredited investors" or rich folks are allowed to do so. On the other hand, those rich folks ("accredited investors") are almost always millionaires and have access to things like hedge funds or offshore investment funds.

However, there are ways to circumvent this issue -- asset management or trust companies are allowed to make global investment.  So one way for everyday US investor to get into Iconomi is through asset management companies or offshore investment funds like I discussed earlier.  But as I said, the big money is with the fund mangers.

USA is an unusually case (you can probably make a case that it's worse than China in terms of financial freedom), so it's really not a big deal, ok?

ok. one for all.

https://blog.wavesplatform.com/app-tokens-revolution-cats-are-coming-bfa8e9b26ef#.r5gj7ncix
cats?

Let’s list certain approaches that should NOT be used.
You can’t promise to pay dividend to the token buyers. It’s a securities offering. If you really need to do it go to Securities and Exchange commission and file for IPO.
Tokens can’t represent equity in your company without approval from corresponding regulatory bodies. You can attach certain voting rights to them (meaning for example your users can decide on the development direction), but you can’t connect them to equity without proper legal backing.
You can’t issue tokens and promise to buy them back with a premium later. It clearly constitutes a security offering; read up on Howey test.


poloniex regulation? no trading for ICN. maybe they could trade ICNX the funds, but polo allows us user so there is the question of kind of custom asset token you are allowed to. regulatory and kraken is different to polo.