This article has been updated and replaced by a new article: Even BTC is a security
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4 Responses
[…] In fact, an argument can be made that most crypto tokens are illegal securities, unless the law is changed. […]
[…] Second, they may not be legal. In this respect, Coinbase is by and large not the worst at all, but in fact maybe the best, due to its route and establishment in the United States. Other exchanges are on much shakier ground than Coinbase. However, even if the exchanges did not do shady leverage business, they may be legal exchanges because they were trading assets that are really illegal are registered securities. See most cryptocurrencies are illegal securities. […]
[…] First, they may not be legal. In this respect, Coinbase is by and large not the worst at all, but in fact maybe the best, due to its root and establishment in the United States. Other exchanges are on much shakier ground than Coinbase. However, even if the exchanges did not do shady leverage business, they may be legal exchanges because they were trading assets that are really illegal are registered securities. See most cryptocurrencies are illegal securities. […]
[…] However, even if the exchanges did not do shady leveraged business, they may still be illegal because they are trading assets that are unregistered securities. See most cryptocurrencies are illegal securities. […]