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I was recently offered to hire my services to create and maintain a cryptocurrency. My responsibilities would be to create a website and issue the tokens
While I think the project as some merit, I am concerned about any legal liability I could hold.
The contract I want to sign against will be an SLA (as to my understanding it will mitigate my legal risks as opposed to a partnership agreement).
The company that wants to hire me has declared to me that the ICO would be available to US residents and that I shouldn't worry about kyc or aml.
Also, the mentioned company states that its practices are legal and that it has a legal team on board.
I am aware this sounds a bit obscure, but these are all the details I can provide as to the signed NDA.
To what degree will I be accountable if the company breaks any law (not using a kyc to verify residence for example), or if one day the SEC decides that this ICO (or all ICOs for that matter) were illegal?
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Welcome to Bitcoin SE! This is a great question...but probably not for this stack exchange site. Bitcoin SE is more about the technology of Bitcoin. Luckily, there is a Law SE site (https://law.stackexchange.com/), which would probably be more suited for a legal question.
– Jestin – 2017-11-15T19:43:04.567I duplicated the question in : link
– porus – 2017-11-16T10:13:36.513We know that the referenced ICO would be available to US residents, but we do not know where the ICO is located. If it is located a Guatemala then I do not know that you even need to comply with US legislation. – Willtech – 2018-01-29T11:47:28.673