Anyone can now invest in —so long as they’re willing to fork up a minimum of $1,000…and have a net worth exceeding $1 million. bit.ly/2WgVjHc
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Which country has a min $1m net worth requirement?
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I believe they're referring to the US's minimum net worth requirement to qualify as an accredited investor (hence the included $200k figure), but that's just my speculation.
investopedia.com/terms/a/accred
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Yeah, that's it. is this incorrect/does Bnk to the future bypass these restrictions somehow? If so will correct
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There are alternative ways to qualify as accredited in the US but US rules don’t apply to the whole world either. The bar is far lower in most other places. People only have to qualify under their local rules, which is often self-assessment of knowledge/sophistication.
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So Bnk to the Future's MO is to set up SPVs in local jurisdictions which take investments on behalf of Kraken? Which allows companies to adapt to investors, region by region?
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Companies can always adopt investors region by region. It doesn’t matter where the company is based. Think of it like the BitLicense. You need it to serve NY but not to serve WY or New Zealand. Consumer protections are applied where the consumer is, not where the business is.
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Cool. So is it fair to write that investors in Kraken *in the US* might face strict accredited investor requirements that exceed the stated $1,000 minimum.
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US investors might face (relatively) strict requirements for any amount in this case, including the $1000 minimum. Unfortunately, the US is behind the rest of the world in allowing its residents to participate in pre-IPO companies (and therefore the majority of the up side).