Post
Topic
Board Altcoin Discussion
Re: Why Russia, USA and China don´t allow free investment in ICOs?
by
blockclick
on 07/02/2018, 20:57:03 UTC
It is curious how these three countries, that have in common a vast population and large economies, but otherwise are very different keep on putting limits to the economic freedom of their citizens? Do you think the government has the right to decide on what and how much can you invest?

For those who don´t know what I am writing about:

https://en.wikipedia.org/wiki/Accredited_investor

https://www.coindesk.com/pboc-official-calls-for-wider-ban-on-chinese-crypto-trading-report/

https://news.bitcoin.com/russia-proposed-regulation-limits-icos-investors/

Russia has not banned anything. This summer they must pass a law. I read the bill, there's nothing about bans. They want to limit the contributions of private investors, but no more. The US this year also promises to pass the law, but they act very carefully, that there would be no panic. I think that everything will be fine.

Yeah, sure, everything will be fine except that the government has set a limit to the individual contributions, so they are effectively telling you how much can you invest with YOUR money.


That's may be true (we need to wait for the laws first) but regulations are good imo (anybody can stole your money in unregulated space - scam ICOs are not exception) so let's wait and see