Great stuff. It would be good to know the outcome.
Wouldnt there still be an issue because you are allowing for the international trade of theses shares/tokens/depository recipes.
Therefore while you may not be conducting illegal activity in that jurisdiction, does it not put you in regulatory hot water on an international level.
Eg. You find a jurisdiction that is happy with everything. You issue shares as crypto currency. They are traded internationally. The US throws a tantrum because the NSA says people are now using the shares to fund terrorism. The next time you go to the US they not so friendly.
yes, i think that's absolutely the case...there are plenty of less violent jurisdictions than the USSA that would allow operation of a blockchain business issuing tokens, but the U.S. government would still consider itself capable of ordering you to stop, collect information on every transaction and person, etc. i would say that they would just try to make your life miserable by seizing any U.S.-based assets or assets in allied countries, and abducting you if you ever crossed back into their turf; however, i wouldn't put it past some of the more violent bureaucrats from hatching a plan to abduct you while abroad.
BOTTOM LINE: there are plenty of very violent people in power who think they own you. tread carefully!
Yes, this would be my concern.
If it can be proven that you are engaging US based customers/users, then they will enforce their laws on your operation.
My suggestion would be to exclude users from the US or at least the State of New York (as many other Bitcoin companies are doing). However this will involve white listing to ensure people are not from countries that would want to ban this activity. And that would start defeating the point of crypto.
Maybe this restriction can be done at an IP level, where people from the US, Russia etc are not allowed to access certain parts of your website. If users then go around you and purchase Banx shares in a decentralized way, well then you can atleast say you tried your best to prevent that.
(Its funny how I just grouped the US with Russia)
EDIT: redirect them here
http://pleaseprotectconsumers.org/