Why the Vegan Investing Club is Temporarily Limiting New Memberships and Crowdfund announcements to U.S.Based Vegans
You may have noticed an email that went out from us recently explaining that for the time being, we would be limiting new Club memberships to US based Vegans and aspiring Vegans. Our future announcements too will now be sent to US based members due to a recent change in International crowdfunding laws. This is a significant change to our Club’s membership policy.
Due to recent changes in international crowdfunding laws, crowdfunding platforms are now limiting the ability to invest small amounts in startups to individuals based in the United States. This has caused some difficulty for some of our members that reside outside of the United States. Our decision has not been made lightly, and we want to share with you the reasons behind it.
Understanding the Change in International Crowdfunding Laws
In recent months, international regulations surrounding crowdfunding and cross-border investments have become increasingly complex and restrictive. These changes are mostly aimed at protecting investors and ensuring that all financial activities comply with each country’s specific legal frameworks. While these regulations are well-intentioned, they have introduced a series of challenges for Clubs like ours.
For example, many countries now require stricter compliance with their local financial laws, making it more difficult for residents to invest in US based companies through platforms that operate under US regulations. This includes heightened scrutiny on transactions and limitations to only high wealth individuals residing outside of the US. As the basis of the Vegan Investing Club is to allow anyone to invest no matter their financial circumstances and to level the playing field when it comes to investing in Vegan startups, the new restrictions for international investors do not align with our Clubs goals.
We’re Sorry!
We regret that these legal changes compel us to take this course of action. Our Club has always valued the diversity and perspectives that our international members bring, and we have loved the opportunity to connect with like-minded investors from around the globe. The decision to limit our membership was not made lightly, and we understand the disappointment this may cause for our non-U.S. members.
If there were a way to continue including our international members while remaining compliant, we would pursue it without hesitation. We are sorry for any inconvenience this change may cause, and we look forward to welcoming you back when things change in our favor..We also have a future goal to open up Vegan Investing Club’s in other countries too so one day, we might be global.
We are also exploring potential ways to engage with our international community through our other projects such as vegan retreats and networking events.
The world of investing is constantly evolving, and while these regulatory changes are beyond our control, we remain committed to fostering a community of enthusiastic and informed investors. We regret that these changes require us to limit our membership, but we believe this step is necessary to ensure the continued success and legality of our club.
Thank you for your continued involvement in the Club. We look forward to navigating these challenges together and finding new ways to connect with all of our members, both in the U.S. and abroad, in the future.
