Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: coinhunter on October 19, 2017, 11:06:21 PM
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Read that according to one regulatory committee, they came to the conclusion that 99% of ICOs are financial securities. How true is this statement ?
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there's a debate on whether altcoins offered in ICO are tokens or securities. I think it depends on whose government defines it under their law. there's a definition of what makes a security under the US law and should an altcoin fall under it then it is considered a security and it needs to abide with the security law, otherwise, it's a token.
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The simplest way to figure out if an ICO is the offer of a security is if the token promises an ownership interest or a share of future earnings. If it only promises a place where you can spend your tokens to pay for a service or goods then it is not a security.
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I Think its a token nothing else...security is just used as top most layer
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it's the reason why so many ICOs are no longer available to U.S. citizens. can hardly find any ico's open to U.S. except for UTN token.
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Now many countries are negative about IСO. Perhaps they care about the financial well-being of their citizens, because many projects are just scammers
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I have read some as well and I think there are valid points in saying that almost (if not all) ICO's are securities. One of which is the promise of profits which was already pointed out in previous replies.
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To be honest I am a bit confuse to which ones are securities and which ones are utilities. I guess I just to wait for final decisions.
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The cryptocurrency market is really similar to the securities market in the event that the ownership of a token of a certain project provides the right to receive a part of the income. In the securities market, this right is documented in a security, and in the cryptocurrency market - in a distributed ledger. Therefore, these two markets are often interconnected in terms of price.
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In my opinion, not all ICOs can be considered safe, because there are indeed many ICOs that are scams and have absolutely no potential. You can say it is safe if it is actually released in the market.