Post
Topic
Board Legal
Re: ICO ban for the US citizens
by
Umkar
on 04/08/2018, 17:00:48 UTC
Many European ICOs recently that I saw, they all state in their ToS that the US citizens can't participate. Why?

US government structures consider investing in bitcoin and ICO projects as a risky investment. Therefore, in order to protect the interests of their citizens, they forbade them to participate in ICO projects. Since such a ban is aimed at preventing a possible loss of funds, it is about investing in ICO projects, and not about participating in the generosity campaigns of the ICO. Therefore, ICO teams illegally require bounty hunters to pass a KYC test.