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Yup or so close to it that you seriously don't want to get mixed up in it. Just do a google search on it and you will see the plethora of reasons why not to get involved if you live in the USA. Also most new ICOs will block USA IP addresses and not even allow you on the site.

Wow yeah thats crazy, it's not so simple.

Funny thing i came across - this guy's got the right idea:

"On the other end of the spectrum, there are ICOs like Useless coin which started as a joke by someone who goes by “UET CEO” and was sold as transparently offering investors “no value, no security, and no product. Just me, spending your money.” It should have just been a satirical comment on the precarious nature of ICOs, but it still got some investors and currently has a market cap of about $64,000."

https://gizmodo.com/what-are-icos-and-why-are-they-getting-banned-in-china-1800922340

If you have internet (and know what to do) you can do whatever you want, from all countries.

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