Everytime when I want to buy there is a small box I have to tick to confirm that im not a US Citizien.
Could someone explain me that? (EOS Tokens are a good example)
SEC: Securities & Exchange Commissionhttps://en.m.wikipedia.org/wiki/U.S._Securities_and_Exchange_Commission ICO's operate similar to securities. The owners of ICO's (usually foreigners) don't want to jump through all the legal hurdles of the United States and it's many regulations. These regulations are in place to protect us investers (from broken promises). Initial coin offerings promise tokens that supposedly secure a profit/reward/guarantee of benefits. The U.S requires receipts (proof & registration) if you want to sell these securities.
Are ICO's securities? Yes & No (quantum state of superposition)
You have now entered the twighlight zone (Legal Gray Area of Law) where things are never quite what they seem. The only way to navigate this zone, is to strap in, put on your extra dimensional space helmet, and proceed with caution. These are shark infested waters. You'll need an elite fisherman (financial lawyer) to navigate this sea of complexity.
All satire aside though! Read this below
https://steemit.com/steem-project/@picokernel/adventures-in-the-sec-almost-all-icos-are-illegalhttps://news.bitcoin.com/legality-of-basic-attention-token-and-other-icos-called-into-question/Good luck, God speed, & Stay safe!
Any donation received is greatly appreciated!
Btc: 1CeBDYB3uaaYZ3bMKTvfEc1EHiskQ8Tdp
This is basically it, people are afraid of the SEC specifically because they are unsure of whether it would be classified as a security or not. They have been known to send cease and desist orders and initiate legal proceedings even against foreign individuals and entities trying to sell securities to Americans.
Basically its just an easy way to absolve themselves of legal responsibility rather than take the risk. Of course they know any American can and will invest anyway since there is no ID verification required.