Author Topic: Setting up an ICO in Vancouver (US Partner)  (Read 257 times)

CryptoDuce

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Setting up an ICO in Vancouver (US Partner)
« on: October 12, 2017, 01:36:22 PM »
Hi

I've been investing in crypto currencies like bitcoin and ether for the last few years. I've spent a lot of time in 2017 researching new ICOs (initial coin offering) and investing in quite a few. Now that I've had some success I'm considering starting my own ICO with some partners in Canada (I live in California).

We are thinking about starting the ICO in Canada becuase of the more favorable securities laws. The US is a bad place to start an ICO at the moment.

Are there any tax issues we should be considering form a cross border perspective because I'm American and my partners are Canadian? Just don't want to be on the wrong side of the IRS.

Thanks

Paperha1299

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Re: Setting up an ICO in Vancouver (US Partner)
« Reply #1 on: October 21, 2017, 05:57:05 PM »
I am really not sure where the IRS stands on cryptocurrency but I do know that it is a risk on your behalf.

It seems a lot of these transactions are down to scams by corrupted individuals. I think the whole thing has made the black market online easier and less traceable.

How big of an investment are we talking here?