Limiting it to individuals with 100k USD income or greater is kinda smart since these are the people that would be able to recover somewhat if they blow all their savings and investments on a stupid Trumpy rugpull scheme.
I don’t think the 100k thing is a legal limit. More likely it’s the platform keeping their costs down by only doing KYC on people that have decent amounts of money to invest. Either that or there’s something I’m just not aware of here, which I guess is more likely.
Limiting it to individuals with 100k USD income or greater is kinda smart since these are the people that would be able to recover somewhat if they blow all their savings and investments on a stupid Trumpy rugpull scheme.
I don’t think the 100k thing is a legal limit. More likely it’s the platform keeping their costs down by only doing KYC on people that have decent amounts of money to invest. Either that or there’s something I’m just not aware of here, which I guess is more likely.