Can I raise money through an initial coin offering (ICO) without violating securities laws in Indiana? What are the requirements?

Based on the context documents provided, it is unclear whether an initial coin offering (ICO) would violate securities laws in Indiana. However, companies domiciled in Indiana and conducting business in the state must meet certain requirements, including maintaining a physical presence that provides economic benefit to the state and keeping complete records of the company’s assets, transactions, and affairs. Additionally, securities deposited with a clearing corporation or held in the Federal Reserve book-entry system and used to meet the deposit requirements under the insurance laws of this state shall be under the control of the commissioner and shall not be withdrawn by the insurance company without the approval of the commissioner ^{[1.2][1.3][1.4][1.6][1.7][1.8][1.9][1.1][1.15]}.

However, it is important to note that the requirements for an ICO may vary depending on the specific details of the offering. It is recommended that you consult with a legal professional who can provide guidance on the specific requirements for your ICO to ensure compliance with securities laws in Indiana.

Source(s):

• [1.1] Company domiciled in Indiana; requirements
• [1.2] Insurance of deposited securities
• [1.3] Substitution of securities on deposit; withdrawal of securities in excess of requirements
• [1.4] Bonding officers having access to money or securities; blanket bond
• [1.6] Requirements for assumption of risk
• [1.7] Chapter supplements other Indiana law
• [1.8] “Securities Valuation Manual”
• [1.9] Nonapplicability of other laws
• [1.1] Valuation of bonds and securities
• [1.15] Foreign insurers; qualification as domestic insurer; requirements

Jurisdiction

Indiana

• General