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Sec announcements ethereum cash out betting bet365 mobile
SEC Warns Ethereum!! this could change EVERYTHINGCAESARS SPORTSBOOK INDIANA
Some feared that SEC's stringent rules could potentially cause a slowdown in the market or scupper future investment. However, Hinman has suggested that when a digital asset is being sold not to invest in a project, such as through an ICO, but to purchase goods or services through the network in which the asset was created, securities law may not apply.
See also: Cryptocurrency trading app Taylor says all funds have been stolen in cyberattack When it comes to Bitcoin, Hinman believes there is "little value" in attempting to regulate the cryptocurrency as a security today, as the blockchain which underpins the virtual asset is operational and has been "decentralized for some time, perhaps from inception. In those cases, application of the securities laws protects the investors who purchase the tokens or coins.
Coinbase said support for the cryptocurrency will be added, "in the coming months. By David Drake Ethereum network has played a significant role in the growth of the cryptocurrency market. As the network on which the digital currency, ether, runs, Ethereum provides a platform for developers to create decentralized applications. Earlier this year, there was uncertainty among crypto-developers when the Securities and Exchange Commission SEC through its Chairman, said tokens and digital assets would be considered as securities.
Ether was originally offered as an initial coin offering ICO but has since been highly decentralized. William Hinman has clarified that the digital currency is not a security. This means it would not be regulated the same way the SEC regulates corporate bonds and stocks. The main reason for not classifying ether as a security is the fact that it functions in a way similar to commodities such as gold, due to its high decentralization.
Clarity in classification Taking into account the number of apps that run on the Ethereum network, there is no doubt the clarification offered by the SEC will boost growth in the cryptocurrency industry.
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