First, if you're in the US or a US Corp the money you raised is considered revenue. So no matter where you transfer or how, you'll need to declare. Just FYI.
In answer to your second question, I actually asked our devs the same thing since we have an ICO in progress. The options you have are Localbitcoins or tranfering the funds you raised into a wallet(s) that allow you to transfer between crypto and fiat currencies.
If I'm mistaken, someone please correct me.
Dont be ashamed to be wrong or uninformed. Be ashamed to be stubborn or incurious. https://imagizer.imageshack.com/v2/640x480q90/924/83FoS8.jpgIf my ICO hits the hard cap.
How can I withdraw the ICO funds into fiat currency? through the bank? how is this possible?