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RE: Blockchain technology needs deregulation and a hands off approach from state and federal regulators

in #ethereum8 years ago

Again, yes, crowdfunding has legal requirements and ICOs meet those requirements when the people putting on the ICOs simply follow the rules.

There are very simple rules concerning AML/KYC that if you follow them with an ICO, everything is completely legal. Again, this is why we got lawyers and consulted them on the legality of all this.

ICOs only cross the line of becoming "illegal" when the people doing the ICOs make guarantees of profit, equity, or long term dividends.

THAT is illegal.