All of your ICOs are securities

What are they supposed to be secured on?

Exchanges will do KYC, no mutts allowed

that sounds really bad for ethereum, is this confirmed?

This is excellent news, I hope you guys understand the ramifications of this. Crypto is getting regulated and soon institutional investors and real financial investment vehicles can participate. This is exactly what we needed to jump start the 2018 bull run.

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>letting (((them))) in will surely benefit me, a simple goyim

Oh my sweet summer child

I FUCKING HATE THEM

This is bullish for EOS. It's not a security because of how there was no ICO, it was a token swap of worthless ERC20s which are no longer used.

Furthermore DAPPs on the EOS ecosystem will be powered by EOS transactions performed server side, not client side. Dan Larimer knew all this and it isnt a coincidence that his 'ICO' ended a week before this news. Because he is a billionaire he has insider connections, he knew this was coming and now ETH is gonna get rekt kek.

This is correct
Regulated exchanges means it makes the news when Chinese hack your shit or an exchange refuses to let you cash out. Some bullshit coins die so that normie money can flow in and good coins moon for real. Embrace this change. You fags

it also means that you can't buy these cryptos unless you're ultra rich (accredited investor)

You can still own and trade. It basically means crypto brokers

I have my series 7 and 66 will i become a crypto FA ?! Is this a dream coming true?

This. Fucking Jow Forums is filled with retards.

You have to be accredited investor to trade options and futures. Brokerage makes you answer more questions to open an account but many Jow Forums neets trade those assets no problem. Don't be gay

heh lame. What about crypto ATM's?

If thats the case im just going to shill link 24/7 and get some comissions for it

I don't give a shit about muh securities FUD, like, at all

ass to mouth? yes required

money's not even real

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Will they hax my ledger to take it back? And if bitcoin isn't a security why should I pay taxes

You literally have to have an income over $200,000 or $1,000,000 in the bank to become an accredited investor. That is a requirement. If there is a way around this it's news to me.

>Will they hax my ledger to take it back?

Why would they need to? How are you going to legally cash out?

It was literally a year long ICO. You sound as delusional as people saying they had a Token Generation Event and not an ICO.

Should every ICO holder just hope their coin moons and bring them to 1mill.

This is awesome !
>all burgers and most of the rest of the world dump ETH to near 0
>since no fundamentals changed and ETH is not tied to burgerland, it'll go back up in time
Making an account in bitflyer was the best decision ever. Praise the nips !

After $7k invested in crypto, I only have about $150 worth of non-ICO tokens. Jesus fucking christ.

You are confused, it is literally an ICO, as in it was an initial coin offering. But it was not a security since the coins offered no utility and offered no promises. See pic related, it was in the purchase agreement. EOS is essentially a charity, the fact that OTHER people may launch blockchains distributing a DIFFERENT coin to people who donated to Block.One is their prerogative, and has no bearing on whether EOS will be classified as a security.

They raised 4 billion dollars, you honestly think they didn't hire lawyers to investigate this shit. I am going to make this crystal clear, the EOS tokens confer ZERO guarantees or rights, they aren't even transferable anymore. Seeing as laws are all about fine print, it's very important to understand this distinction. Compared to ICOs that state that their tokens will entitle you to X, Y, Z despite the fact that their is no legal precedence for these guarantees making them unlawful securities. You're an idiot if you think the relevant aspect is whether money was raised, the relevant aspect is what the money is raised FOR and what the companies are promising.

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is meant for My bad.

Lol poorfags pls go this is Jow Forums

You have to be an accredited investor to invest in UNREGISTERED securities. Anyone can invest in registered securities.

nice link
can I join the discord where you and all your bros in this thread are jerking each other off

you guys are all fags, seriously who the fuck even trades cryptos on exchanges? Schmucks.

wrong. the SEC intends to "protect" investors. If you want to spend money on an ICO or foreign exchange, as long as it's your own money and you aren't investing on behalf of someone else, it's 100% legal/at your own risk.

Read the SEC'S page about ICOs. It basically says, hey, be careful, DYOR, make sure you research it, etc etc.

It is completely legal to invest in whatever shitcoin you want, and will always be.

duty to KYC is on the security, not the holder. As long as you didnt perjure yourself to buy in you haven't committed a crime.

Now people that use VPN to get around an ICO or exchanges restriction are guilty of something, but if they didn't ask, you didn't do anything punishable.