Post
Topic
Board Altcoin Discussion
Re: Are ICOs outside of the USA affected by SEC?
by
pikatju
on 11/01/2018, 11:57:55 UTC
Hi


So just wondering with all the rules the SEC have posted on utility coins and profit distributing coins - can the SEC really say anything about ICOs outside of the US that are undertaking these characteristics (such as a burn, profit distribution etc)

No the sec cannot do anything about icos in other countries. That is up to the local authorities.
However, they can make laws for American citizens engaging in these icos. That's why you often see Americans being excluded from participation of certain icos.