“Well, we’re [VideoCoin] a Cayman Islands-registered company,” he replied, answering my question with a simple statement, before countering, “The US may not have outright banned blockchain companies or ICOs, but they haven’t said “you’re welcome” either.”
Full article, "The US Is Sending Money Offshore by Bumbling Crypto Regulation" by (Christina Comben) Gypsy Spirit of Null TX
https://nulltx.com/the-us-is-sending-money-offshore-by-bumbling-crypto-regulation/