[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]

2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

File: 110 KB, 970x980, 1517464890925.jpg [View same] [iqdb] [saucenao] [google]

8051433

Anonymous Thu Mar 1 14:14:06 2018 No.8051433 [Reply] [Original]

Chainlink was not KYC/AML compliant in their ico. Despite prohibiting USA, Singapore and Chinese residents from participating ChainLink just required checking a little box proclaiming you weren’t from any of those nations. The SEC is gonna crack down on chainlink and bury the neets of 4chan hard in a sea of red candles. I have no sympathy for the people who put mist of their life savings in a coin in direct violation of SEC laws.

https://www.wsj.com/articles/sec-launches-cryptocurrency-probe-1519856266

“Many promoters of ICOs and cryptocurrencies are not complying with our securities laws,” SEC chairman Jay Clayton said earlier this year. In another speech he said he has instructed his staff to be “on high alert for approaches to ICOs that may be contrary to the spirit” of those laws.

If you're not worried your coin will drop when the sec cracks down in the coming months you're deluded.

>>	Anonymous Thu Mar 1 14:17:32 2018 No.8051494 >>8051433 Dubs of truth. I want my board back. I can't believe everyone is falling for this scam. Soon this board will be known as the poorfag board and no one will bring good picks anymore.

>>	Anonymous Thu Mar 1 14:19:07 2018 No.8051527 >>8051433 >I have no sympathy for the people who put mist of their life savings in a coin in direct violation of SEC laws. Are you fucking Liz Warren? gtfo pocahontas

>>	Anonymous Thu Mar 1 14:20:30 2018 No.8051566 >>8051527 Nice argument fag

>>	Anonymous Thu Mar 1 14:20:59 2018 No.8051579 >>8051433 Been waiting for new FUD.

>>	Anonymous Thu Mar 1 14:21:13 2018 No.8051586 >>8051433 Shits going to affect future and current ICO's. I don't think they are going to hunt ICO's that are concluded (at least not yet)

>>	Anonymous Thu Mar 1 14:21:44 2018 No.8051595 File: 42 KB, 541x498, 1517696962031.jpg [View same] [iqdb] [saucenao] [google] >>8051566 Checked

>>	Anonymous Thu Mar 1 14:22:10 2018 No.8051600 >>8051566 that's homoracist

>>	Anonymous Thu Mar 1 14:22:46 2018 No.8051610 >>8051527 Hilariously, people like Liz Warren are why my bank can never do to me what crypto exchanges do to their clients every day.

>>	Anonymous Thu Mar 1 14:22:50 2018 No.8051611 The SEC has only been going after blatant scams ie ICOs with no intention to ever build a business or service

>>	Anonymous Thu Mar 1 14:23:12 2018 No.8051616 thats like blaming engineers who built bridges in 1806s that do not comply with today's regulations or those regs were current at the time in September? tell me burgers

>>	Anonymous Thu Mar 1 14:25:32 2018 No.8051656 >>8051579 It's not fud. They really weren't KYC compliant. Ok spoke the truth. Read about it.

>>	Anonymous Thu Mar 1 14:29:21 2018 No.8051744 >article in link is behind paywall Yea right Whats the SEC again? Why you trying so hard to fud this shitcoin is what im wondering

>>	Anonymous Thu Mar 1 14:31:28 2018 No.8051802 File: 74 KB, 640x621, IMG951053.jpg [View same] [iqdb] [saucenao] [google] >>8051579 It's not fud. They really weren't KYC compliant. OP spoke the truth. DYOR

>>	Anonymous Thu Mar 1 14:41:46 2018 No.8052035 >>8051616 The securities regulations that ICOs violate are very old

>>	Anonymous Thu Mar 1 14:44:39 2018 No.8052092 >>8051802 >>8051595 >>8051494 this is OP on his phone

>>	Anonymous Thu Mar 1 14:47:14 2018 No.8052153 >>8051433 so ETH, DRAGON, infact 99% of top 100 coins. fuck off

>>	Anonymous Thu Mar 1 14:49:20 2018 No.8052192 ok so whats the worst case scenario here? Sergey has to pay a little fine instaed of buying more big macs? wow I'm scared

>>

Anonymous Thu Mar 1 14:58:37 2018 No.8052411

>>8052192
He'll be sued by the sec have to pay a huge fine and refund everyone their ico money that bought in to the ico. Depending if the sec determines his operation to be fraudulent He'll have to shut down and smartcontract.com will turn in to the confido homepage. If he gets to continue operation he wont have the funding needed to continue and chainlink will fail anyway.

>>	Anonymous Thu Mar 1 15:02:41 2018 No.8052494 >>8052411 gayest fud ever 1) it's not a security 2) even if it was there is zero chance the sec will retroactively go after thousands of ICOs 3) you're a faggot

>>	Anonymous Thu Mar 1 15:03:08 2018 No.8052503 >>8051744 Honestly I'm just telling people the truth. I'm sick of all the shilling on this board of a coin destined to fail because they are obviously breaking laws. People need to get out with a profit before chainlink gets shut down.

>>	Anonymous Thu Mar 1 15:04:15 2018 No.8052522 >>8052503 >please sell me your bags! i want to accumulate more!

>>	Anonymous Thu Mar 1 15:04:23 2018 No.8052528 File: 62 KB, 840x544, 1514211905674.jpg [View same] [iqdb] [saucenao] [google] >>8052503 fuck off retard, nobody falling for your cheap FUD

>>	Anonymous Thu Mar 1 15:05:12 2018 No.8052542 I can assure you that pretty much every altcoin is not AML compliant. Every. Single. One. The SEC will only go after bad actors. t. Works for the CFTC

>>

Anonymous Thu Mar 1 15:05:51 2018 No.8052553

>>8052494
Sure thay will. As soon as they get more authority they will crack down to protect the average investor and the fines they take pay for government programs and salaries. People buy chainlinkj with the intention of making more usd. That is tge definition of a security.

>>	Anonymous Thu Mar 1 15:06:21 2018 No.8052563 File: 20 KB, 543x443, 5499789898.png [View same] [iqdb] [saucenao] [google]

>>	Anonymous Thu Mar 1 15:07:06 2018 No.8052583 >SEC has jurisdiction over the whole world Oh, it's that time of the day isn't it? The burgers are awake.