[brut]

You can raise money by crowdsourcing without having to raise a single USD ever, fill forms, go through regulators and banks etc. It's not that you offer redeemable tokens. You just create a token and people buy it. Then you have money. That's how it works for at the moment.

[jerguismi]

I'm pretty sure that if you ask the regulators, they will have a different idea on how token crowdsales should be treated. Essentially they are very similar to a shares in a company. In the end when you sell those tokens you get BTC or USD, which pretty much should be treated as money if you ask the government.

[brut]

I was being a bit sarcastic. :)