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Can I raise money through an initial coin offering (ICO) without violating securities laws in New Hampshire? What are the requirements?
To determine whether you can raise money through an initial coin offering (ICO) without violating securities laws in New Hampshire, you must comply with the state’s securities laws.
According to New Hampshire Revised Statutes (NHRS) 421-B:3-301, securities must be registered with the state unless they are exempt. NHRS 421-B:3-202 provides a list of exemptions, including the federal crowdfunding exemption and the intrastate offering exemption.
To qualify for the intrastate offering exemption, the issuer must meet certain requirements, including that the issuer and all purchasers of the securities must be residents of New Hampshire [1.2].
Additionally, NHRS 421-B:3-503 requires that issuers of securities provide investors with certain disclosures, including financial statements and information about the issuer and the securities being offered.
Failure to comply with these requirements may result in penalties, including misdemeanor charges [1.2].
Therefore, it is important to consult with a legal professional to ensure compliance with New Hampshire securities laws before conducting an ICO.
Source(s):
Jurisdiction
New Hampshire