Even though ICO's have lost the appeal lately.
I was just wandering about the legalities. The SEC website confuses me. In the eyes of the SEC are true utility tokens still classed as securities in the USA? Is this why many companies avoid the USA when it comes to ICO's?
If a company from outside the USA releases a token, do they have to comply with SEC regulations to enable usa investors?
I am not from the usa but live here now. Is it a resident or a citizen issue?
In my own opinion with this certain perspectives, this isn't a citizen or resident issue but it was utterly pointing out a serious reasons behind an ICO or investments related to cryptocurrency. For past years this has been very rampant of scams and fraudulent projects.
By way of protecting the citizens who lived in a particular country, this has been regulated for an outgoing money be sent for cryptocurrency ICO participation.