Author Topic: 99% of ICOs are securities ! (Read 2231 times)

coinhunter · « **on:** October 19, 2017, 11:06:21 PM »

Read that according to one regulatory committee, they came to the conclusion that 99% of ICOs are financial securities. How true is this statement ?

Altcoins Talks - Cryptocurrency Forum · « **on:** October 19, 2017, 11:06:21 PM »

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Msjuris · « **Reply #1 on:** October 30, 2017, 12:02:47 PM »

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.

iconoclast · « **Reply #2 on:** November 04, 2017, 01:45:44 AM »

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.

rahul10948 · « **Reply #3 on:** November 04, 2017, 07:29:30 PM »

I Think its a token nothing else...security is just used as top most layer

sw1911 · « **Reply #4 on:** November 04, 2017, 07:44:15 PM »

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.

preico · « **Reply #5 on:** November 10, 2017, 07:34:42 PM »

Now many countries are negative about IСO. Perhaps they care about the financial well-being of their citizens, because many projects are just scammers

Zed0X · « **Reply #6 on:** May 13, 2018, 01:42:06 PM »

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.

Altcoins Talks - Cryptocurrency Forum · « **Reply #6 on:** May 13, 2018, 01:42:06 PM »

ZionRTZ · « **Reply #7 on:** May 14, 2018, 01:48:08 AM »

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.

Astra · « **Reply #8 on:** September 23, 2020, 05:58:14 AM »

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.

Black ID · « **Reply #9 on:** September 23, 2020, 08:39:26 AM »

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.