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RE: EOS Prohibiting U.S. Residents From Participating In Token Sale? Am I Missing Something Here? Watch My Video Blog...

in #eos7 years ago (edited)

@thejohalfiles
A VPN doesn't solve the problem that you're still an American citizen. It's not a limitation on where you are located, it's the fact that US citizenship comes with a lot of strings attached. Possessing these cryptos are taxable under US law worldwide and possessing them opens up the company you bought them from to serious penalties from the US government, which is why they prohibit participation by US persons from the outset: it's not worth the trouble. Again, my own personal opinion, but I wouldn't mess with things like this because the IRS also has the power to request that the State Department revoke your passport if you're delinquent on taxes from ownership of cryptos.