Quote from: Cauchy on November 07, 2017, 09:26:05 PM

Quote from: sockpuppet1911 on November 07, 2017, 08:32:11 PM

Quote from: Rigorous on November 07, 2017, 07:15:52 PM

Quote from: KryptoKings on November 07, 2017, 02:00:49 PM

Quote from: Frankenbeanie on November 07, 2017, 03:57:01 AM

good project but sounds like a security.

We have provided a Medium article to give some color on the way the NPX token should be assessed. Please read https://medium.com/p/ef8eb3ebcc17/edit for some information.

Remove the 'edit' from the link to read it. https://medium.com/p/ef8eb3ebcc17/

A legal memo, prepared by our Legal Counsel KRAMER LEVIN NAFTALIS & FRANKEL LLP and sent to the French Regulator, presents our NPX token as the mixture between an asset and a utility token.

If I am reading correctly, the French Regulator has not confirmed the status of the NPX token as presented.

At that point of time, the Napoleonian asset manager which will be fully regulated and licensed (under a European jurisdiction) would have no particular issues regarding the DAFs tokens that could potentially be qualified as security.

Shouldn't that read "no particular issues in Europe"?

In our case, we have decided to exclude US residents and US citizens from our ICO, together with Iran, North Korea, Syria, Lybia, Sudan and Cuba.

Just to restate it in this thread.

This is the first time i see Iran, North Korea, Syria, Lybia, Sudan and Cuba excluded in icos.

I think it has been applied by numerous other ICOs as part of their KYC process but is usually not explicitly stated but more in general terms e.g. countries in conflict or something.

Somehow there seems to be a concerning pattern - which is that they are all countries which America has bad relations with. Some of those countries did not deserve to be bombed under deceptive and false pretenses. Crypto should be freely accessible to anyone and not subject to censoring especially from governments.
I guess its still possible for residents of those countries to bypass this restriction, but it nonetheless isn't the way in which crypto was envisioned.