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Lead Blockchain Developer







LegendaryActivity: 1106Merit: 1004Lead Blockchain Developer

Re: [BTC-TC] Virtual Community Exchange w/ Options, DRIP, 2FA, API, CSV, etc. July 26, 2013, 01:33:31 AM #1399 It's been a day or so since I've posted in here and some may be wondering where BTC-TC stands with things.



- BTC-TC will not be closing it's doors to US citizens. US citizens using the site are not doing anything wrong and the issues around investing in assets from the various issuers is better addressed on a per-issuer basis. For instance, a fully registered and compliant issuer should be able to have unfettered access to the entire US population, whereas an issuer that has not properly registered their company puts themselves at risk and thus we would hope would close off access to the riskier markets. (note that this registration takes many forms depending on where you are located.)

- BTC-TC will be adapting it's ToS and wording on the site to be clearer and to avoid words that imply regulation where there is not. For example, calling something a stock implies a share of a regulated, registered company, when in fact that may not truly be the case. These changes will be made over time as we work things out with the help of legal representation.

- BTC-TC will be building a set of tools to assist issuers in maintaining compliance with securities law internationally. Initially this means that we will be giving issuers the ability to solicit (or not solicit) investment on a per-country basis. Eventually we could also facilitate validation and filtering of accredited investors versus non-accredited investors.



Cheers.

