defaced



Offline



Activity: 2100

Merit: 1011





Franko is Freedom







LegendaryActivity: 2100Merit: 1011Franko is Freedom

Re: What does the Ripple news mean for Premined, IPO, ICO coins? Did they follow KYC May 06, 2015, 01:30:03 PM #25 Quote from: Snail2 on May 06, 2015, 10:01:01 AM Quote from: defaced on May 06, 2015, 12:16:12 AM

How can this news be interpreted for the hundreds of premine coins that got sold anonymously for BTC? How many premined coins took KYC/AML precautions?

No impact on those coins. The issuers are not acting as money exchangers. As most of these coins has too little value by now, and difficult to catch the issuers (many of them disappeared and/or abandoned their coins since then, or they are just outside of reach) the FinCEN probably not going to waste time and resources on going after them.



Quote from: defaced on May 06, 2015, 12:16:12 AM How many premined coins took KYC/AML precautions?



I'd be very surprised if any of these coins took any kind of KYC/AML precautions . ...and that's actually a good thing as why the rest of the world should comply with the rules of some US stamp collectors club .

No impact on those coins. The issuers are not acting as money exchangers. As most of these coins has too little value by now, and difficult to catch the issuers (many of them disappeared and/or abandoned their coins since then, or they are just outside of reach) the FinCEN probably not going to waste time and resources on going after them.I'd be very surprised if any of these coins took any kind of KYC/AML precautions. ...and that's actually a good thing as why the rest of the world should comply with the rules of some US stamp collectors club

MSB is usually just $1000, and it doesnt matter about the value now its the value then.



And though I agree with you, and mostly WE (the rest of us) agree with you about the KYC/AML thing the US stamp collectors may not. Which is why I proposed this question. What if finCen doesnt see it that way and not only them but say the SEC. MSB is usually just $1000, and it doesnt matter about the value now its the value then.And though I agree with you, and mostly WE (the rest of us) agree with you about the KYC/AML thing the US stamp collectors may not. Which is why I proposed this question. What if finCen doesnt see it that way and not only them but say the SEC.