Good post! Hi John, do you know why citizens from US, Chinese, and Singapore because of sanctioned countries could not participate in token sale?.
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Good post! Hi John, do you know why citizens from US, Chinese, and Singapore because of sanctioned countries could not participate in token sale?.
Thank you! =]
I believe it is because these countries are introducing regulation to the cryptocurrency market and want to treat them as "securities". If these ICOs were to allow investors from these countries, then they would need to provide a lot more information to the right government agencies (so in the US I believe it is the US Securities and Exchange Commision or SEC). Already US citizens are getting hit with tax bills for their cryptocurrency holdings.
Thanks very much!