Homepage / Technology / SEC moves closer to taming 'Wild West' of digital currencies
How to get started with sext room BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING Start your love story now – join our talk to gay strangers source today BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING Find regional bbw hookups inside area BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING новой Игровые Автоматы и Слоты Играть нежелающим И Без Регистрации В Новинки 202 test “aviator Cassinos Para Arriesgar No Jogo On The Internet Aviãozinho No Brasi Página 2 Time-tested legitimate one-armed bandits in internet club başari bet casino Mr Jack Bet Brasil Como Funciona? Análise Completa Do Sit Discovering the World of Psychic Analyses Understanding Numerology: Revealing the Mysteries of Figures Choosing a Tarot Card: A Step-by-Step Overview Unlock the Power of Psychic Checking Out Cards totally free Leading Neteller Gambling Enterprises: The Ultimate Guide Optimizing Your Profits with the very best Live Roulette Bonuses Gambling establishments trick Mastercard: Una guía completa para jugadores ¿ Qué es un microprestamo de 50EUR? Préstamo Aprobado Seguro: Todo lo que necesitas saber Numerology Examination: Opening the Keys of Your Life Path The Ultimate Overview to Free Online Tarot Card Readings Numerology: Opening the Secrets of Numbers Tarot Card Card Viewers: Introducing the Mysteries of the Future Open the Keys of the Universe with Free Online Tarot Card Analysis Checking out the Globe of Online Tarot Card Readings Checking out the World of Free Psychic Readings The Power of Free Lotus Tarot Card Analysis Select 6 Time-tested legitimate one-armed bandits in internet club başari bet casino Onze gids voor het vinden van de beste nieuwe online casino’s in Nederland Bookmaker şirkəti Mostbet: rəsmi mobil versiya icmalı Avantajlý 7slots giris Casino Seçenekleri Keyif Vermeye Hazýr Entertainment Club masal bet casino giriş and reel-based simulators: transformation through time Загрузка виртуальных симуляторов на официальном сайте проверенного казино 7к казино How to choose the right cougar hookup site for you Meet singles who share your values & interests Get many from the granny hookup experience Top greatest Flat planet dating internet site and software Reviews for 2021 – RomanceScams.org The advantages of being a premier cougar lesbian Официальный Сайт Гама Казин exactly what makes a milf hookup unique? MTV’s Catfish: The Digital Pen-Pal Syndrome | Are you presently a mother just who will pay youngster service or alimony? Meet wealthy men in uk that are seeking love “aviator Game Tanzani Meet suitable gay men within area 10 most useful locations in order to meet Cougars in Liverpool for 2023 Greatest Couples Dating Sites – Have The Knowledge You Are Entitled To 1xSlots Casino: Avaliação do Site 2024 Bonus-Jogos Официальный Сайт Ramenbet ✅Sugarbook Review: complete Site review & All of our Dating Experience 2023 Find your perfect aussie hookup now Discover the advantages of mature dating Providing A Capricorn Man The Silent Treatment – What Will Affect The Connection – LoveDevani.com Find the best site for bisexual women tips Welcome toward most useful millionaire chat rooms in the web Hook up with regional black singles now Mostbet giriş şəxsi hesab Azərbaycan I Did Not Put You Into The “Buddy Area,” We’re Not Right For One Another Чехол книжка Samsung M146 Galaxy M14, Leather Case Fold, Dark Red, Красный купить по цене 286 грн в Киеве и Украине Чехол для Huawei Nova 9 SE Купить чехлы Nova 9 SE Чехол для Oukitel iiiF150 B2 Ultra Купить чехлы iiiF150 B2 Ultra what exactly is craigslist and exactly how does it connect people? สล็อตPG เว็บตรงไม่ผ่านเอเย่นต์ PGOSCAR SLOT WALLET 2022 สล็อตเว็บตรง เล่น บาคาร่า ออนไลน์ แตกง่าย เล่นง่ายได้เงินจริง เกมสล็อตออนไลน์ยอดนิยม รวมทุกค่าย จ่ายจริง PG SLOT 5G พีจีสล็อตเว็บตรง ฝาก-ถอนไม่มีขั้นต่ำ ไม่ต้องทำเทิร์น 2023 สล็อตPG เว็บตรงไม่ผ่านเอเย่นต์ PGOSCAR SLOT WALLET 2022 สล็อตPG เว็บตรงไม่ผ่านเอเย่นต์ PGOSCAR SLOT WALLET 2022 Casino Betorspin Sitesi Kapsamlı İncelemesi Rabona Casino Online【Full Review & Bonus Offers】 Welcome towards gay dad chat community Find your perfect match on most readily useful cougar chat site The Art of Tarot Card Card Analysis: A Comprehensive Guide Free Tarot Readings: Opening Mysteries of the Future Unlocking the Mysteries: Tarot Card Readings Online Unlocking the Secrets of Free Tarot Readings Opening the Mysteries of Online Tarot Card Readings Tarot Readings Free: A Comprehensive Guide Discovering the Globe of Online Psychic Reading Numerology Birth Date Calculator: Discover the Tricks of Your Life Course The Power of the 6 Card Tarot Card Spread Name Numerology Calculator by Day of Birth The Ultimate Overview to Tarot Card Spreads The Ultimate Overview to Tarot 101 The Interesting World of Psychic Readings Opening the Mysteries of Online Tarot Reading Free Numerology Test: Opening the Secrets of Your Life Course Numerology Predictions by Day of Birth The advantages of making use of a gay bear website what exactly is a cougar and just why in the event you find one? Create your profile and begin communicating with your ideal partners Understanding the initial challenges of older and younger lesbians Find the perfect black milf for you

Technology

SEC moves closer to taming 'Wild West' of digital currencies

Increased regulatory attention on digital currencies will help them develop into a mature investment product, several analysts said.

The U.S. Securities and Exchange Commission signaled late Tuesday that U.S. securities law may apply to initial coin offerings, sales of new digital coins to fundraise for projects based on the same blockchain technology as bitcoin.

“As the regulation of cryptocurrencies progresses, that’s actually a good thing for the currencies because they won’t be seen as the Wild West,” said Monica Summerville, senior analyst in fintech at Tabb, a capital markets research and consulting firm.

The SEC announcement specifically stated that a token launched last year called DAO was a security and issuers of such blockchain-based securities typically must register offers and sales with the SEC. But the regulator stopped short of bringing charges against DAO, and instead said it wanted to “caution the industry and market participants.”

“This removes a significant overhang from the market,” Brian Kelly, CNBC contributor and founder of BKCM, which runs a digital assets strategy, said in an email. “The worst case scenario was a complete and total ban which has now been removed.”

“I view this as positive long-run development,” Kelly said.

The equivalent of more than $1.2 billion has been raised so far this year in digital coin sales, according to a report this month from financial research firm Autonomous NEXT. The rapid speed at which some very early stage blockchain projects have raised funds using token sales has worried some about the potential for fraud.

The firms selling the new digital coins have also sought to protect themselves from the SEC by preventing U.S. investors from participating, sometimes rather than hiring expensive lawyers to navigate regulation.

A key selling point for cryptocurrencies has been their decentralized, global network in which anyone from any country can participate.

“There were a number of technologists who thought the technology supplemented securities law, and the SEC has made it clear it’s not the case,” said Stephen Obie, partner at law firm Jones Day and representative for Overstock.com on its use of blockchain.

The announcement “provides some needed guidance for the marketplace and enables those who comply with federal laws to structure their products in a way to do so,” Obie said. “There’ll be more opportunity for the average investor to capture appreciative value in these products in a more mainstream environment.”

The most well-known digital currency, bitcoin, has attracted much attention on Wall Street for more than doubling in value this year to around $2,500. Some respected market strategists have said in the last few weeks they bought bitcoin, or have issued reports discussing its potential to climb further to $5,000 or even $55,000.

The SEC confirmed in the announcement it would use a decades-old Howey test for considering whether different tokens are securities. The test says a security involves the investment of money in a common enterprise, in which the investor expects profits primarily from the efforts of others.

“This SEC report is well balanced, and a breath of fresh air for the industry,” William Mougayar, organizer of a New York conference in May about digital coins called Token Summit, said in an email.

“This is good for good ICOs, and bad for bad ICOs,” he said. “The outcome will be a test for those ICOs that can withstand an increased rigor in reporting compliance.”

However, the SEC release still did not answer a key question — whether coin buyers who primarily want to use tokens to participate in a blockchain project are subject to securities law, Marco Santori, who leads the fintech practice at law firm Cooley, pointed out in a tweet.

“I think the future is bright for non-securities tokens. This is the first step in a critical maturation process,” Santori said in another tweet.

The SEC Tuesday also issued an investor bulletin on initial coin offerings that noted “investing in an ICO may limit your recovery in the event of fraud or theft.”

The CoinDash initial coin offering lost $7 million to hackers on July 17. Then in the last week, Veritaseum said hackers stole $8.4 million worth of tokens, the firm’s founder Reggie Middleton said in an online post Monday.

“Many ICOs, especially those that were fraudulent, had the indirect effect of making digital currencies seem like a scam to some,” Stuart Levi, partner and co-head of the intellectual property and technology group at Skadden, said in an email.

“While wild fluctuations in the value of digital currencies has attracted speculators, the long-term strength of these currencies depends on some level of stability,” he said. “ICOs have created some of these fluctuations and a more stable ICO market will likely mean a more stable digital currency environment.”

Source: Tech CNBC
SEC moves closer to taming 'Wild West' of digital currencies

Comments are closed.