Quote from: Naturelooker on February 17, 2018, 08:42:50 PM

From my understanding any ICO that caters to U.S. citizens must first register with the Securities and Exchange Commission. Not exactly sure what that entails. My question is what do they do with the KYC info they collect? Automatically send it to the SEC? The IRS? They must have some threshold or guidelines they go by. Does anybody know what happens?

This could be the standard procedure as I also knew in my country. The securities and exchange sees to it that the transactions abides by the law and that they the ICO project owner is not just another scam trying to make money out of any unsuspecting investors if their tokens. So i think this is a better way to protect the common people.