January 12, 2018
Rentberry, after a detailed analysis of the most recent legal landscape around the token offerings, have made a decision to restrict the purchase of BERRY tokens to the citizens and residents of the United States of America who do not qualify as accredited investors. The Company takes this action due to the increased risk that SEC may consider BERRY tokens as unregistered securities in the United States.
“We constantly monitor legal environment around token offerings in number of different jurisdictions and it also includes the United States of America. Our main goal is to protect individuals who participate in our token offering and purchase BERRY tokens. Even though SEC has not made an official statement regarding utility tokens, we feel that there is a risk that they might consider utility tokens as unregistered securities in the future. That is why we are now making the decision to protect our token purchasers by restricting the sale of BERRY tokens to the United States citizens and residents. The only exception is accredited investors who participate in the private sale. Individuals who managed to buy BERRY tokens and are not accredited investors will get a full refund after the extensive KYC process,” said Alex Lubinsky, CEO of Rentberry.
All buyers of BERRY tokens will have to successfully pass a comprehensive KYC procedure. Visit their ICO website to learn more.
For media inquiries, please contact Alex Lubinsky
a(dot)lubinsky(at)rentberry(dot)com or call (415) 891-1055.
Rentberry is an all-encompassing long-term rental platform that manages every step of the rental process, from hosting open houses to paying rent. It automates all of the standard rental tasks, saving time and energy for both parties, and ultimately facilitating the property rental on mutually beneficial terms. For more…